Word: semiconductor
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Dates: during 1980-1989
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...they are deceiving themselves. It is time U.S. businessmen got rid of their complacency and took decisive steps to change the way they do business. If our airplane companies are unwilling to reorganize and cut costs, they are destined to follow in the footsteps of our steel, automobile and semiconductor industries...
...White House spokesman described the Japanese proposals as a "move in the right direction"; nonetheless, the U.S. retaliatory tariffs, imposed for Japan's alleged failure to comply with a 1986 semiconductor agreement, may not be rescinded soon. Said a senior Administration official: "We would like to see the sanctions lifted. But we cannot phony up data." Translation: Japan's proposals are not yet good enough. That answer is unlikely to gladden Nakasone, who has other problems. Faced with strong opposition, the Prime Minister last week withdrew from parliamentary consideration a plan for a 5% sales...
...overall bilateral trade, they will hurt some Japanese manufacturers. But for the middlemen peddling Japanese microchips to foreign buyers, business will probably go on as usual. Already some American enterprises dependent upon inexpensive Japanese chips are busy looking for legal loopholes to exempt them from the U.S.-Japanese semiconductor agreement signed last year. In the meantime, tensions show no sign of abating. When Yasu calls on his friend Ron at the end of the month, the atmosphere is likely to be cordial but strained...
...gyrations in the currency markets arose in part from concern about trade tensions between the U.S. and Japan. This week the Reagan Administration is scheduled to slap 100% tariffs on $300 million worth of Japanese goods in retaliation for Japan's failure to live up to a semiconductor trade agreement. At the Washington G-7 session, Japan tried to ease the conflict by unveiling a $34 billion program to stimulate its economy through public works. The spending is intended in part to boost Japanese imports of foreign goods. Although similar programs had done nothing in the past to reduce...
Much about the semiconductor pact is indeed questionable in economic terms. Among other things, it raises the costs of American manufacturers who use the devices to build computers and other products, thus making them more vulnerable to foreign competition. But to U.S. trade officials, the evidence of alleged Japanese dumping and Japan's refusal to open domestic semiconductor markets were the last straw. For one thing, the ink on the semiconductor agreement was barely dry before, in Washington's view, it was being ignored. For another, that Japanese behavior seemed to U.S. officials to be part of a familiar Japanese...