Word: danforth
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When Senator John Danforth of Missouri led a congressional delegation on a trip to Japan last month, he delivered a letter from 13 Senate colleagues to Prime Minister Yasuhiro Nakasone and Michio Watanabe, the Japanese Minister of International Trade and Industry. In it was a blunt warning: "This would be an especially unfortunate time for Japan to further increase its auto imports...
...would impose penalty tariffs on natural resources, such as minerals and natural gas extracted from government- owned land in foreign countries, that are shipped to the U.S. at subsidized prices. This bill, along with the textile bill, the Rostenkowski-Gephardt- Bentsen 25%-surcharge proposal and the two Danforth reciprocity bills, are among the measures most likely to get serious consideration...
...whose sales to the U.S. exceed by 65% or more their purchases from the U.S., unless they start reducing that trade imbalance immediately. In its present form, the bill would raise prices on everything Americans buy from Japan, Taiwan, Korea and Brazil. Two bills introduced by Republican Senator John Danforth of Missouri, who still considers himself a proponent of free trade, would direct Reagan to close American markets to Japanese products exactly as much as Japan closes its markets to American goods and would impose penalties on goods from countries that cannot be persuaded through negotiations to buy U.S.-made...
Congressional leaders invited to listen to the speech were predictably unimpressed. House Speaker Tip O'Neill commented that the President sounded as if he was "trying to stall for time." Said Republican Senator Danforth: "One speech does not make a policy." Reagan, however, did shore up resistance by some Republicans against the Democrat-led drive for protectionism. Said Pennsylvania Senator John Heinz: "We have to have legislation that at least matches the President's rhetoric and perhaps goes beyond it." But, he mused, "Are we going to limit presidential discretion? That is the $64,000 question...
...refusing to bail out U.S. shoemakers, Reagan further stirred protectionist passions in Congress. The shoe industry has some powerful allies, including Senate Commerce Committee Chairman John Danforth of Missouri (home of Buster Brown shoes). Of the four-member New Hampshire delegation, only one, Senator Gordon Humphrey, supported the President. "I don't represent shoeworkers only," declared Humphrey. "I represent consumers." Humphrey is not running for re-election next year...