Word: protectionists
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...that it would continue a program of voluntary export quotas on cars destined for the U.S. This year's ceiling of 2.3 million vehicles remained the same as in the two previous years. Japanese automakers termed the government restraints a necessary evil to avoid a flare-up of U.S. protectionist sentiments...
...American firms can apply to Washington's International Trade Commission for protection against foreign imports, whether those imports are fairly traded or not. The ITC investigates those claims to determine if such industries have been seriously injured. The new White House proposal would require the ITC to determine whether protectionist remedies would make a given U.S. industry more competitive in the future. Only then would the ITC be able to recommend such cures...
...Administration's proposed measures are considerably more subtle than the kind of blunt protectionist strictures that have been championed with increasing vigor on Capitol Hill. In past years the White House was able to rely on the Republican-dominated Senate to help keep such sentiments under control. Last August those loyalist forces helped Reagan sustain, although narrowly, a presidential veto of a protectionist trade bill that had passed both the House and the Senate. That bill took a piecemeal approach, among other things setting a new system of country-by-country quotas on imports of textiles, shoes and copper from...
This year the Democrats control both legislative chambers, and a presidential veto alone does not appear to be enough to stem the protectionist tide. Democratic Representatives have resubmitted a tough trade bill that the House passed last year but that died in the Senate. Included in that bill is a controversial amendment sponsored by Democratic Representative Richard Gephardt of Missouri. It provides that countries with highly protected domestic markets that run large surpluses with the U.S. would face automatic trade restrictions unless the surplus is reduced by fixed percentages annually. Gephardt's proposal would remove virtually all presidential discretion...
...negotiated separate agreements with Taiwan, Hong Kong, Japan and South Korea that limited the growth of their textile exports to the U.S. to 1% or less a year. Argues William Cline, a senior fellow at Washington's Institute for International Economics: "The Administration's actual record is considerably more protectionist than its ideology...