Word: kantor
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Dates: during 1990-1999
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...negotiators from the U.S. and Japan stepped in to try to forge an agreement in Geneva. U.S. Trade Representative Mickey Kantor and Japanese Trade Minister Ryutaro Hashimoto began a series of what they vow will be round the clock meetings as they try to reach a trade agreementbefore Wednesday, when U.S. sanctions are due to take effect.No progress has yet been reported as the U.S. remains firm in its demand that Japan open its auto markets to American businesses. The Japanese still say their markets are open and that U.S. demands amount to little more than quotas. Any compromise will...
...trade deficit soared in April to a new record $11.37 billion, driven in large part by a surge in auto imports from Japan as dealers rushed to import cars beforethe threatened June 28 tariffs. The new figures increase the pressure on U.S. Trade Representative Mickey Kantor to push for an opening of Japanese auto parts markets when talks resume tomorrow in Geneva. Although no one can tell if the talks will be successful in heading off the proposed U.S. sanctions against Japanese luxury cars, TIME's Adam Zagorin says "both sides will make significant efforts to try to get this...
Japan refused to back down. Trade Minister Ryutaro Hashimoto, who once called Kantor "even more aggressive than my wife when I come home drunk," promptly lodged a complaint with the World Trade Organization in Geneva demanding that the tariffs be thrown out. Not to be outdone, the U.S. plans to ask the organization to rule that Japan's entire method of conducting trade is unfair...
...Kantor's goal in this fight is to pry open the Japanese market for American-made auto parts -- everything from axles to mufflers to spark plugs. The U.S. claims that Japanese protectionism is evident from the fact that Japan has a 37% share of the U.S. parts market while American parts, which are of comparable quality, account for just 1.2% of the business in Japan. Hashimoto counters that it is not up to government officials to tell Japanese companies what products to buy and that any attempt to do so would violate free-trade principles...
...Clinton Administration's moves. "The focus is on auto parts, but to a certain extent we all have the same problems with Japan," Robert Allen, chairman and chief executive officer of AT&T, observed two weeks ago. Amid the growing bellicosity, Eastman Kodak last week filed a complaint with Kantor's office that accused Japan and Fuji Photo Film of blocking Kodak's access to the Japanese market...