To: JNB
As for Tariffs, ye sthey will work, and higher level of trade resitictions will force China to float the Yuan like it forced the Japanese to float the Yen in the 80s when the Reagan admin was sucesssful in getting the dollar knocked doan against the Yen by more than 50%.Gosh, that's odd...
Reagan didn't enact any trade restrictions on the Japanese. Hell, folks like you were complaining that he was giving the store away.
150 posted on
08/01/2003 4:04:10 PM PDT by
Poohbah
(Crush your enemies, see them driven before you, and hear the lamentations of their women.)
To: Poohbah
Hell, folks like you were complaining that he was giving the store away. Yep. We were all going to have to learn Japanese remember?
153 posted on
08/01/2003 4:05:48 PM PDT by
Texas_Dawg
("...They came to hate their party and this president... They have finished by hating their country.")
To: Poohbah
The Reagan admin did losen some trade restrictions, though got Japan to agree to export quotas for their cars. And while the Reagan admin did not resport to actual tariffs to protect industry in many cases, the dollar devaluation, while it took a while, did its job, and by 94, US industry was on the mend, Detroit was gaining marketshare, and even the steel industry was profitable again by then. I will be the first to say the Reagan and especially Bush 41 admin should have been far more proactive to ensure fair trade, but again, the dollar devaluation amounted to a large tariff.
155 posted on
08/01/2003 4:07:31 PM PDT by
JNB
To: Poohbah
Were the Japanese building WMDs and saying that war with the US is inevitable? Geopolitical attitude matters, fool!
172 posted on
08/01/2003 4:19:31 PM PDT by
GOP_1900AD
(Un-PC even to "Conservatives!" - Right makes right)
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