Word: protectionists
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...voicing concern over protectionism, referring specifically to rising U.S. public pressures for import restrictions. "Protectionism is a serious problem that needs a high degree of understanding by the American people," he said. "We need all the help we can get from other countries of the alliance not to take protectionist measures that would feed the flame...
...World War II and helped propel a quarter-century of unmatched world prosperity is now under attack. In the wake of a recession that has left 24 million people out of work in the U.S. and Western Europe alone, more and more businessmen, labor leaders and politicians are demanding protectionist barriers against foreign competition...
...dependent on Government." While preaching nonintervention, Reich notes, the White House has been unable to resist demands for subsidies and import relief made by such industries as steel and autos. This protection, he says, keeps businesses from adapting to the rigors of worldwide competition. Reich would replace capricious protectionist measures with an explicit industrial policy aimed at retraining unemployed workers for new jobs and channeling investment into technologically advanced products that would enable U.S. companies to keep pace in the growth race...
Mondale, with fateful predictability, started to back off. "I'm not a protectionist," he said defensively. He had repeated his assault on the Japanese before three large union conventions last fall. By February, when he addressed the United Auto Workers, the union most eager to hear that kind of emotional talk, Mondale had abandoned all the harsh language...
...some time to begin producing cars in the U.S. to help ease trade tensions between the two countries. The company has been slow to move, although Honda Motor Co. is assembling Accord subcompacts in Ohio, and Nissan Motor Co. will build pickup trucks later this year in Tennessee. Growing protectionist sentiment in the U.S. may have given Toyota a nudge. The new venture will give the company greater access to the U.S. market. Fearing an American clampdown on their autos, the Japanese agreed to limit exports to the U.S. for the past two years; last week they said they would...