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.
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.
