Fighting for American Industrial Renewal; Industry and Manufacturing Advocacy Group for public Education

World Trade Policies

"All problems of local industry pale into insignificance in relation to the world crisis," he declared. It was vital that the trading system allow "backward people to make a decent living ... [or else] in the long run we must fall prey to the communistic attack.

President Eisenhower (R) links trade policy to anti-communist sentiment.

"World trade is more than ever essential to world peace," stated the 1960 Democratic Party platform. "We therefore must resist the temptation to accept remedies that deny American producers and consumers access to world markets and destroy the prosperity of our friends in the non-Communist world."

President Kennedy (D) links trade policy to anti-communist sentiment.

Our trade policy is stuck in the cold-war era.

Understanding trade policy is a part of fixing the problem. FairImage.org does not advocate protectionist policies, however we're willing to label trade policies that undermine American industries as outdated. The cold war is over, and nations like Japan and Korea (as well as Western Europe) are no longer vulnerable to the threat of Soviet communism. These are mature, industrial economies that enjoy the benefits of protectionism in their own markets and a free market in North America. 

Trading with Japan   From restrictions on foreign corporate ownership, to government banks that loan corporations billions at 0% interest, Japanese companies dominate 95% of thier domestic market. Until being surpassed by China in 2007, this was the second largest auto market in the world, stimulated by (shah-ken) inspections that keep the vehicle fleet the newest on earth.  

Trading with Korea   "Japan's market is closed. Most people believe that, recognize it. But their market is probably 10 times more open than the Korean market." - Andrew Card (AAMA) and Camille Blum, secretary general of the European Automobile Manufacturers' Association.

Trading with China   Forced 50% partnerships, 40% domestic content requirements, little patent protection, rampant copyright infringement... What's not to love about the auto business in China?

Trading with Europe  Value Added Taxes and protected markets left over from the Marshall plan at the close of WWII.

 

Read a bi-partisan plan to level the field with nations that levy a Value Added Tax on US goods and services...