Word: tariff
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...Honda has stretched its existing production capacity to the limit. Hence expansion makes sense, whether in Japan or overseas. Also, Honda sends 42.9% of its output to the U.S.; Toyota sends 44.6% and Nissan 43.9%. Honda has much to lose if the U.S., which imposes a rather modest 3% tariff on imported cars, raises higher barriers or otherwise seeks to restrain imports, as Britain, France and Italy have done over the past several years. Admits Kawashima: "I would be less than candid if I said I had felt no pressure from the U.S." That observation is in keeping with...
...hardly seems the time to put energy on the back burner. Yet just when Jimmy Carter should be pushing hardest to cut consumption and conserve supplies, he seems to be taking a surprisingly soft approach. Not only has the Administration shelved plans to levy a $5 per bbl. tariff on foreign crude, but it has also backed off from calling for a steep new gasoline tax of perhaps 50? a gal. The tax had been urged by John Sawhill, Deputy Secretary of Energy, and supported by Treasury Secretary G. William Miller, Chief Presidential Economist Charles Schultze and James Mclntyre, Director...
...fight a class war between the educated who want amenities and the less-educated who would also like amenities but who want first of all jobs and heat). I would be very happy if our environmentalists and consumer advocates, such as Ralph Nader, called for a removal of the tariff from Japanese automobiles, for the import of Toyotas by others than the well-to-do the import reduce our consumption of vanishing fossil fuels. Even more important is the rebuilding of our railroads rather than building more bombers when we already have ample means of delivery of nuclear weapons through...
...that Congress, in its present impatient mood, could take severe action against Japanese imports. Anger at Japan's nontariff restrictions has been intensifying in both the U.S. and Europe. Congressional leaders have warned that unless Japan moves more quickly to cut its surplus, Congress will impose a 15% tariff surcharge on Japanese goods, and take other retaliatory steps. Says Senator Lloyd Bentsen of Texas: "I can see no good reason for the U.S. to commit economic harakiri on the altar of a bogus free-trade relationship...
SAWHILL: We will never have any influence on OPEC until we develop a positive energy policy and a new generation of energy technology to replace oil. We should create a hemisphere energy policy that provides a tariff on oil imports but gives preferred access into the U.S. for Canadian and Mexican supplies...