Word: protectionists
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...hard-line U.S. position was prompted by the trade bill passed by Congress last year, which compels the Trade Representative to battle foreign protectionist barriers aggressively. Japan's willingness to give ground last week was an encouraging sign that the country is determined to avoid a major blowup in forthcoming rounds of barrier-bashing talks required...
...bash or not to bash: that is the question. Whether 'tis nobler to suffer the slings and arrows of outrageous trade practices. Or to take arms against protectionist barriers. To punish, to avenge. Perchance to trigger a trade war. Ay, there's the rub that must give us pause...
...access to their markets. Encouraged by frustrated U.S. trade groups and corporations, legislators had Japan in mind when they passed the provision -- dubbed Super 301 -- as part of last year's trade bill. After listening to the conflicting advice of his evenly divided Cabinet, Bush responded to the prevailing protectionist mood in Congress and gave Trade Representative Carla Hills the go-ahead to put Japan on the Super 301 hit list, along with Brazil and India...
Even dedicated free traders are sounding increasingly protectionist. "I grew up believing protectionism was pretty dumb, and I still do," says Chrysler chairman Lee Iacocca. "But somewhere along the line we stopped being idealists and started being patsies." Iacocca and other auto executives are well aware that cars, trucks and auto parts account for 64% of the $52.1 billion trade deficit with Japan...
...With protectionist fever rising on Capitol Hill, the U.S. strikes out against Japanese trade barriers, but critics fear that tough action may rupture relations with a critical ally. -- While most Americans think Tokyo's trading manners are still one-sided, the Japanese argue that they have come a long way from their closed-door past. -- A small Arkansas town welcomes the Japanese invasion...