“On paper, but it doesn’t work like that in real life. The Japanese were dumping stuff in the US during the ‘80s and we allowed them to get away with it. But trying to sell our stuff in Japan was nearly impossible.”
And that’s why trade agreements must be reciprocal.
“Result: Sony, Panasonic, Toshiba, et al. are very much alive and well. RCA, Zenith, and Sylvania are long gone.”
Perhaps Sony made a better TV than Zenith.
“And that’s why trade agreements must be reciprocal.”
Tell that to Japan. Every country protects their industries except us idiots.
“Perhaps Sony made a better TV than Zenith.”
I dunno; my father turned down a Trinitron once because he thought the RCAs had better picture quality.
But unlike Japan, China isn’t a worthwhile competitor at all. Their stuff is total junk.