Import of Japanese Products Restrictions

THE IMPORT OF JAPANESE PRODUCTS INTO THE UNITED STATES

The American international trade deficit is the largest in the world in the last years of the twentieth century, and the Japanese international trade surplus is the largest in the world.1 Further, America's largest bilateral international trade deficit is with Japan, and Japan's largest bilateral trade surplus is with the United States.2 This bilateral disparity in Japanese/American trade has developed without (1) Japan becoming America's largest trading partner (Canada holds that position), and (2) in the absence of any significant petroleum trade between the two countries.3 If it has not already occurred, Japan and the United States are well on the way to trading economic places in the world, with Japan emerging as the world's economic leader.4 This research proposes and justifies a policy to address the imbalance in JapaneseAmerican trade through either the severe restriction or elimination of the import of Japanese products into the United States.

Principal Reasons Underlying the Problem

Although the reasons for the trade disparity between Japan and the United States are many and varied, the principal causes appear to lie with American industry more than with unfair tactics by the Japanese, although there is some Japanese fault involved in the situation.5 An illustration of the contri

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nstead on the product concept, which, in effect, says that I have a superior product, and you, the consumer, must buy it or go without an automobile. The American automobile manufacturing industry, and the United States government appear to be unable to grasp the idea that even American consumers are willing to pay a premium price for Japanese products, because those products are designed to meet consumer needs and wants. In the early1990s, Japanese automobile manufacturers require only about 35 percent of the labor time required by American manufacturers to assemble automobiles.13 (Kanise and Zagorin, 1990). Improved American productivity in the manufacture of cars, thus, is essential, if the American industry is to effectively meet the Japanese challenge in this market without extreme trade protection. The ability of American automobile manufacturers to achieve the quality and productivity improvements required to permit them to successfully meet the Japanese challenge in the new car market is clearly present. What is in doubt is the American willingness to meet the challenge as it must be met, if the American automobile industry is to successfully compete in the American new car market in the absence of extreme trade pr
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Approximate Word count = 2793
Approximate Pages = 11 (250 words per page)

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