Word: tariffers
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...boat, does it make sense for the other partner to shoot another hole? There are those who say yes and call it getting tough. I call it getting wet." In practice, however, the White House too often bowed to pressure for import barriers. The Government hiked the tariff on heavyweight motorcycles from 4.4% to 49.4% to shield the last U.S. manufacturer, Harley-Davidson, and imposed tighter import controls on textiles...
...were quite open. In reality, however, I think they were confined within a very narrow, self-centered domain. I decided to push forward so we can become a Japan open to the world. I have made all-out efforts to improve access to the Japanese market. We have reduced tariff rates, and despite resistance, we have improved import certification and safety standards. We have been able to make tremendous progress, and that progress will continue. Another major change is that we have moved forward to assume a political role that is commensurate with Japan's economic potential. This means...
Since coming to power last November, Prime Minister Yasuhiro Nakasone has improved the diplomatic climate substantially. Before his first state visit to Washington in January, his government pointedly announced several tariff cuts and the easing of nontariff barriers. Nakasone also expressed a willingness to bolster Japan's defense role in the Pacific...
...general language of the OECD communique glossed over a spate of specific conflicts among nations. Though the delegates renounced protectionism, their governments have been quicker to build trade barriers than to tear them down. The U.S. slapped a heavy tariff on Japanese motorcycles last month, and Western Europe pressured the Japanese to limit exports of light trucks, machine tools and television tubes. American officials have made no progress in persuading the European nations to reduce the subsidies that help boost their agricultural exports...
...essence, Harley pleaded for time to adjust to the competition. The new tariff provides it. The duty will leap upward from the current 4.4% to 49.4% effective April 15, then scale back gradually over the next five years. As a result, according to the I.T.C., the prices of Japanese bikes should rise 10% this year and an additional...