TITLE

The Strauss Round

AUTHOR(S)
Szulc, Tad
PUB. DATE
February 1978
SOURCE
New Republic;2/11/78, Vol. 178 Issue 6, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on maintenance of balance in the trade relations between Japan and the U.S. during the 1970's. Statistics depicting the economic status of Japan; Impact of the trade relations on the economic conditions of the U.S. and Japan; Reasons for the increase in costs of Japanese imports toward the end of the year; Myths of the American people about the Japanese exports; Rise in the demand of Japanese goods in the U.S.; Restrictions of Japan on imports of a large variety of American imports; Plans of U.S. special representative for trade negotiations, Robert S. Strauss, and Japan's external economic affairs minister, Nobuhiko Ushiba, to maintain the trade balance between the countries; Proposal of Strauss to reduce Japan's current account surplus, aiming at equilibrium with deficit; Statement that Japan will import more from the U.S. to correct the trade imbalance; Agreement of the Japanese people to reduce tariffs on two billion dollars of the U.S. exports.
ACCESSION #
11060872

 

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