Word: brocke
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...last-minute shuttle diplomacy across the Pacific. Japanese automakers were firmly opposed to any export reductions, and the Ministry of International Trade and Industry was having little luck bringing them into line. But after a Tokyo dinner of shredded sea eel soup and fried abalone, U.S. Trade Representative William Brock and Minister of Trade Rokusuke Tanaka began moving toward an agreement...
...Brock warned the Japanese that if they did not take action themselves, Congress would almost certainly impose formal import quotas. Tanaka at first proposed a one-year reduction of auto exports from last year's 1.82 million to 1.7 million. Finally, Brock accepted a limit of 1.68 million vehicles annually for two years, ending in March 1983. If U.S. auto sales pick up during the second year of the agreement, Japan will be able to boost exports by 16.7% of the amount of the increase. The number of imports allowed in during the third year was left open...
...Massachusetts college Republicans played an important role in Reagan's victory--according to Bill Brock [chairman of the national Republican committee] we put Reagan over the top in this state," Abramoff said...
There is still uncertainty about Administration intentions on trade with the Soviet Union. Some Reagan officials say that they are only looking for a sign of reduced tensions in, say, Poland before increasing trade with Moscow. Says Brock of the Soviets: "We're waiting for a signal on how they are going to behave in the international community." The Administration's foreign policy hardliners, though, are less interested in trade. The new man in the key position of granting export licenses for all Communist countries is Lawrence Brady, 41 , Assistant Secretary for trade administration at the Commerce Department...
...Administration will not be able to wait for the white paper before reaching a decision on its most pressing trade issue: auto imports from Japan. Last week the Reagan Cabinet remained split on the question. Brock, Commerce Secretary Malcolm Baldrige and Transportation Secretary Drew Lewis told a Senate subcommittee that they favor some voluntary slowing of Japanese car imports. Opposing trade restrictions are the Administration's top economic officials: Treasury Secretary Donald Regan, Budget Director David Stockman and Chief Economist Murray Weidenbaum. The President last week postponed a final decision in hopes of forging a compromise between...