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Reagon and Congress directly negotiated with the Japanese auto manufacturers. They were threatening major tarrifs. This lead to the 1981 automobile voluntary e
by FuriouslyAdrift 10mo ago
Reagon and Congress directly negotiated with the Japanese auto manufacturers. They were threatening major tarrifs.
This lead to the 1981 automobile voluntary export restraint.
https://www.nber.org/system/files/chapters/c8719/c8719.pdf https://www.nber.org/system/files/chapters/c8719/c8719.pdf
- acdha 10mo agoYes: that’s kind of a textbook example of using tariffs strategically — there’s a valid argument that automobiles are a strategic industry worth protecting (just for military capacity alone) but they didn’t threaten to heavily tax coffee and chocolate from other continents at the same time or under the pretense that it would make those crops viable in the United States at scale.