Word: tradings
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Dates: during 1980-1989
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...Turning to television cameras that were carrying the ceremonies live back to Japan, he spoke of the importance of U.S.-Japanese relations and told of the "great care" that has been taken over four decades "to mold and create this gem of a relationship." Yet he called the gaping trade imbalance between the two countries "unsustainable" and warned that "tangible actions must be taken by us both...
Nakasone sought the same ceremonial high ground. Said he: "I am deeply concerned that serious frictions on trade and economic issues are on the rise between our two countries. We should not allow such a situation to undermine the friendship and mutual trust between...
...down to serious talks. As they posed in the Oval Office for photographers, Reagan explained the Gephardt vote, saying, "We're now very much heartened by the narrow margin of victory," because it meant he would be able to sustain a veto. Yet the House later passed the final trade bill containing the Gephardt amendment by a decisive 290 to 137, just one vote shy of the amount needed to override a veto...
...congressional leaders. His stops included an hourlong session with Senate < Majority Leader Robert Byrd and Republican Chief Robert Dole, in addition to a meeting with top House members. Byrd bluntly told him that the U.S. should keep its tariffs on Japanese electronic goods until Tokyo abandons all unfair trade practices. The Senate leader argued the same point in a letter to Reagan that warned against lifting sanctions until Tokyo demonstrates "sustained compliance" with trade agreements. Yet Nakasone's trip to Capitol Hill won him some respect. Said Senator Max Baucus, a Democrat from Montana and a trade hawk...
Skepticism dogged the Prime Minister throughout his three-day visit. In the past few years several Japanese leaders have traveled to Washington and promised to take action that would reduce the trade deficit. But the only result has been a larger and larger trade imbalance...