my hat is off to the Clinton administration's successful effort to open up the Japanese cellular telephone and network equipment market. This represents a substantial market for cellular phones but it only helps one company--Motorola. What the administration must do now is to negotiate the same for the U.S. auto industry. What we are talking about are 5,000 U.S.-owned companies, directly employing over 700,000 people--5,000 U.S. companies, over 700,000 U.S. workers. Yet the administration allows the trade deficit in U.S. auto parts to continue to climb. For this year alone the projected trade deficit with Japan in the automotive arena will go over $30 billion. The trade deficit in United States auto parts alone will be over 20 percent of the total trade deficit with Japan. The administration must continue to press the Japanese for definite goals and schedules for increased Japanese purchases of United States-made auto parts, and to fulfill previous commitments by increasing substantially their purchases from nonaffiliated suppliers. Mr. Speaker, an agreement over cellular phones is a good first step. The administration must now be prepared to fly into the eye of the hurricane. Job growth here at home depends on it.
Editor's note · Context
Addressing trade deficits and the need for U.S. auto industry negotiations with Japan.
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