The Strauss Round

Szulc, Tad
February 1978
New Republic;2/11/78, Vol. 178 Issue 6, p8
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.


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