Word: protectionists
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...panelists, several of whom are at Harvard for their 25th reunion, offered a variety of solutions, including taking a new approach to corporate-government relations, helping business more, trying harder to understand other cultures, eliminating protectionist, and finding better leadership...
When the next round of underground primary ratings emerges through rough consensus, three of the competitors will probably do well for different reasons. Gephardt has plowed Iowa more vigorously than a platoon of farmers and managed to identify himself with an issue -- protectionist measures to cut the trade deficit -- that appeals to labor activists. Even those who disagree with Gephardt's approach concede that he has exploited it shrewdly. Given the fractured nature of the Hart-less field, the support of labor could boost Gephardt to top-tier status, though it may hamper the recent headway he has been making...
Reagan could easily understand Nakasone's political troubles because he has plenty of his own in the wake of the Iran-contra scandal. In addition, Reagan has to deal with a Congress that has become increasingly protectionist. As America's trade deficit has steadily grown, political leaders have become more and more vocal in their demands for a halt in Japanese imports. Tokyo last week released new figures showing that Japan's worldwide trade surplus ballooned to an astonishing $101.4 billion in the twelve-month period that ended in March. Some $52 billion of that bulge came from trade with...
Last week Gephardt was waging a trade war on two fronts. In Congress, he was pressing for passage of the Gephardt amendment, which would add protectionist teeth to the pending trade bill by mandating quotas or tariffs if a rival nation sustained a large trade surplus with the U.S. and refused to eliminate unfair practices. Campaigning in Iowa, he became the first Democratic contender to challenge Hart aggressively on a major issue. Somewhat unfairly, Gephardt linked Hart with Ronald Reagan: "Frankly, I'm disturbed that the front runner in our party echoes the President and offers nothing new on trade...
...Republicans, but among Democrats it could emerge as the salient issue, the one that helps sort out the crowded field, especially given Iowa's distressed farm economy. The difference is that second-tier candidates are all vying for the support of organized labor, which is unflinching in its protectionist fervor. That is why Gephardt stands to gain from the trade fight in Congress. Labor is unlikely to forget that Hart strongly opposed an earlier version of the Gephardt amendment when he was in the Senate. His detailed proposals on trade, which range from modifications in the antitrust laws...