Word: tradings
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Dates: during 1980-1989
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...real attention getter": a reduction of up to 10% of the 340,000 U.S. troops in Europe, with corresponding cuts in NATO aircraft and helicopters, if the Soviets agree to reduce their conventional forces to the levels the West has proposed. He is also expected to relax sanctions on trade with the Soviets imposed by the U.S. after the Red Army invaded Afghanistan...
With breaking news, TIME's correspondents often have only a few hours to report a story. But in many ways senior correspondent Edwin M. Reingold has been preparing for the better part of two decades for the Business section's special report this week on Japanese trade practices and growing protectionist sentiment in the U.S. A native of Philadelphia, Reingold has followed Japan's rising economic star ever since 1969, when he was first assigned to TIME's Tokyo bureau as bureau chief. Back then, he recalls, most of what he knew about Japan was "World War II propaganda...
Over the next several years, Reingold covered the growing trade tensions between Japan and the U.S. from both sides of the Pacific. From 1971 to 1978 he served as Detroit bureau chief, witnessing the wrenching decline of the American automobile industry. Then it was back to Japan, with his wife and two of their five daughters, again as Tokyo bureau chief in 1978. While in Tokyo, Reingold developed a penchant for typing his files standing up. He claims the habit encourages him to write succinctly and, of course, to keep on his toes...
...many U.S. businessmen brand Japan as "protectionist" whenever some products fail to sell in Japan, even though the market is opening up. U.S. sales of telecommunications equipment in Japan, for example, reached $263.3 million last year, up from $106 million in 1985. Yet the U.S. is basing its current trade complaints at least partly on the problems Motorola has faced in getting frequency clearance in Tokyo for the cellular telephones it is selling in Japan; Tokyo considers the grievance too small to justify the hubbub surrounding it. Observes Peter Tasker, British author of The Japanese: "Japan is not alone...
...their recent progress, the Japanese could do more to open their market and reduce the stubborn trade gap with the U.S. While the government has cleared the way for more imports of U.S. beef and citrus products, bans on purchases of American rice are being retained. Says a Japanese diplomat, in specific reference to a U.S. barrier: "We'll do rice when the U.S. does sugar...