Word: protectionists
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...Protectionism also frees American industry from the discipline of having to become more efficient, and import curbs invite retaliation against U.S. exports. Says Sidney Jones, Under Secretary of Commerce for Economic Affairs: "It strikes me as a very serious issue if the premier economy of the world sets a protectionist example. Then other nations have an excuse to become more protectionist also." Moreover, the U.S. can hardly expect Latin American countries to pay off their debts if it builds barriers to keep out their exports...
...platform committee. Although Hart did not mention Mondale, he urged the committee to reject "the traditional approach of some in our party who promise everything to everyone." He warned that "the Democratic Party cannot win if it is beholden to the old arrangements." Specifically, Hart opposed "a protectionist trade policy based on the proposed domestic content bill," which would require a share of American materials and labor in autos sold in the U.S. Mondale has firmly endorsed such legislation...
...bomber pilot in World War II, Bentsen strongly supports the MX missile and the B-l bomber, both of which Mondale opposes. Bentsen opposes a nuclear freeze, which Mondale firmly favors. Bentsen is against the protectionist domestic-content legislation; passage of the bill is a top priority with Mondale. Despite the differences, Bentsen would be comfortable running with Mondale. A President, he says, should not be surrounded...
Despite the attention given to Central America, De la Madrid's main purpose in Washington was to discuss the hemisphere's economic plight. He argued that economic recovery throughout Latin America is being hampered by high U.S. interest rates and protectionist measures that keep out many of its products. De la Madrid stressed that Latin America's $335 billion foreign debt, of which Mexico's $85 billion is second only to Brazil's $96 billion, poses a potentially worse problem for the U.S. than the turmoil in Central America. The reason: many countries are being...
Nippon Kokan President Minoru Kanao said that the venture is "in line with our long-cherished strategy to obtain a production outpost in the U.S." He wants to sell steel to the Japanese automakers that are building assembly lines in America, but Kanao feared that Washington might raise protectionist barriers. Imports from Japan, South Korea, Mexico and other countries have captured about 25% of the American steel market, and U.S. companies are pressuring Congress to limit the foreign share...