after 14 frustrating years of Japanese obstruction in the marketplace and at the negotiating table, the United States Government at last seems to be getting tough on trade, and it is about time. I strongly support the Clinton administration's insistence on measurable, enforceable results instead of more talk. In fact, no deal is better than another bad deal. The Japanese trade gap with the United States rang in at over $131 billion, the largest ever. And the merchandise part of that, manufacturing, jumped about 10 percent to more than $56 billion. That means even more lost jobs in our manufacturing sector. If current trends continue, the 1993 auto-parts deficit of $11 billion will be topped by a $12.2 billion deficit in 1994, according to the U.S. Commerce Department's latest forecast. These figures are directly related to Japan's pattern, unique among major industrial nations, of minimal market access for foreign manufactured goods.
Editor's note · Context
Kaptur addresses U.S.-Japan trade relations and the impact of trade deficits on American manufacturing.
Share
More from Marcy Kaptur
Why is the Trump administration, Mr. Musk, and their secret meat grinder called DOGE hurting working Americans? Inflation is going up, unemployment is up, the stock market is rickety and went down again today, egg prices are up, and…
With March Madness coming to a close last night, it is with joy that I rise to celebrate two exceptional young, local basketball stars from northwest Ohio: Makhi Leach from Whitmer High School and Elise Bender from Anthony Wayne High…
The United States has not had a trade surplus in over half a century. Trade deficits translate into lost jobs and lost wealth for the American people. Balancing U.S. trade accounts is an imperative and a worthy objective, but Trump…
We find it deeply troubling that the Department ... has sent a strong message that it does not view the oversight and safety of legacy nuclear weapons cleanup sites as a national security priority.





