Word: protectionists
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...more reason Toyota is promoting itself as an all-American brand. The last thing Toyota needs is a revival of protectionist consumer sentiment. Recent ads tout the number of U.S. jobs Toyota has created. The company also became the first foreign automaker to crack NASCAR, entering the Tundra last year in the Craftsman Truck Series, and as a NASCAR sponsor Toyota is beginning to get notice from fans. "Being a Chevy man all my life, I'm starting to look at the Toyotas coming out," said Jared Branan, 24, of Kissimmee, Fla., attending a race in Daytona Beach last January...
...almost magical popularity, these figures could represent a dangerous temptation. Already, feeling appears to be growing in favor of raising the tariff walls as a quick way to remedy at least some of the nation's economic ills. The catch is that while people give lip service to protectionist ideas, Yankelovich has found that the sentiment is very shallow, and people's enthusiasm fades when it is pointed out that higher tariffs may result in consumers' paying more for imported goods...
...countrymen to buy more foreign products. He hopes the new initiatives to make more of those goods available will reduce his country's burgeoning surplus with the U.S. But if the program fails to show quick results, Japan may face retaliation. Congress has before it a stack of protectionist bills, including a measure to add a 20% across-the-board tariff to imports. --By Janice Castro. Reported by Gisela Bolte/Washington and Edwin M. Reingold/Tokyo
House reaction to the Senate offer was hardly encouraging. Said O'Neill: "I'm stubbornly opposed to any drop in COLAs this year or next year." New York Republican Jack Kemp blasted the oil-fee idea. "It hits consumers. It raises the cost of living. It's protectionist." But Pennsylvania Democrat William Gray, chairman of the House Budget Committee, was more cautious. Said he: "The question here is, Has the President now changed his position on revenues? Is the President prepared to support taxes?" If so, Gray added, "it's a new ball game...
...clear set of principles, our candidates will be free to champion any idea that serves our progressive values, not just those that will win liberal or conservative votes. President Clinton rejected such ideological straitjackets. He wasn’t afraid to challenge his party’s protectionist leanings, but he also backed federally funded job retraining, so that the benefits of trade would be spread broadly...