Japanese Auto Imports

A glut of autos on the market because of increased foreign competition.

Continued loss of U.S. market share for U.S. auto-makers.

Before exploring these issues that support the move for restrictions on Japanese auto imports, we need to define some of the terms we will be using to understand the necessity for imposing them:

Trade Deficit – A state where the amount of imported goods a country consumes greatly outweighs the amount of goods exported by that country to the “importing” nation.

Market Share – The percentage of the potential consumer market obtained by an organization.

Imports – Goods manufactured in one country and bought by another.

Exports – Goods manufactured in one country and sold in another.

Protectionism – Policies and programs implemented by the government that place restrictions, quotas, sanctions, and other forms of controls on imports.

The Japanese have tried throughout the 1980s and 1990s to win U.S. market share for their auto imports. Former President Ronald Reagan removed quotas from Japanese auto-makers in the mid-1980s. Since that time the Japanese have steadily increased their imports of autos to the U.S., while U.S. auto-makers have watched their market-share steadil

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ns a hard position to adopt in an era of global markets, the spread of democratic governments, and the rise of free market capitalism. However, the trade deficit with Japan has been a notorious source of conflict between U.S. and Japanese leaders. Many argue that Japan is intent on selling everything it can push on the American market without importing any exports from America. The trade deficit with Japan continues to grow almost unchecked from the erosion of protectionism “$22 billion in 1983, $37 billion last year, more than $40 billion this year” (Doerner 1). Others confirm such an imbalance “Last year manufacturers sold $60.4 billion worth of goods in U.S. markets and American companies sold $23.6 billion worth in Japan” (DeMott 1). One can see that this kind of growing imbalance can have serious consequences on American manufacturers and the overall economy. When one considers that the U.S. auto industry is a more than $230 billion market, one can see the serious need for restrictions on Japanese auto-imports (Russell 1). While many politicians favor some form of protectionism, there are others who are opposed to the idea of restrictions on free trade. Despite worries regarding Japan’s move into the larger, higher-pr
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Approximate Word count = 1401
Approximate Pages = 6 (250 words per page)

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