Hong Kong As President Donald Trump lands in Japan Saturday amid a worsening trade war with China, he could well be thinking back to a previous economic spat between Washington and an Asian economic powerhouse.
In the 1980s, Japan was the big bad. Its economy was booming — the second largest in the world — and many in the United States feared they were about to be overtaken. Articles were published warning of the"Japanning of America" or an"economic Pearl Harbor," as Japanese businesses bought US companies and landmarks.
Trump calls trade war with China 'a little squabble' 01:25Trade warAfter President Ronald Reagan took office in 1981, the United States started pressuring Japan to open its market up to American companies and reduce the trade imbalance between the countries. While Japan agreed to measures including a limit on the number of cars it exported to the United States, panic over Japanese trade power grew — and lawmakers on both sides demanded action.
Why the US is making an example out of China's Huawei 01:48Competing lessonsSome of Trump's first forays into politics involved railing against Japan during the 1980s and early 1990s. During that time, he started calling for the use of tariffs as a trade weapon. While he has not referenced the historical US-Japan relationship during the recent China conflict, Washington's success against Tokyo could influence his thinking on how to handle Beijing.
jgriffiths Its not a ball game, its a crack pot game. US has already lost so much money, its looks more like revange than business..
jgriffiths You mean Trump won a trade war against Japan.
jgriffiths This like a Professor of Physics fighting with a recycled 7th Grader!
jgriffiths If China is a whole new ballgame, I am a 'whole new' batter and pitcher, among other areas of strategy ;)
jgriffiths Problem with whites are that they think all asians look and think alike..well..sure they got themselve fooled!
jgriffiths China will come around!!
jgriffiths 中国人得强大不是现在才慢慢崛起，而是强大过几千年，，这也算是倒逼国家改革，也相信中国能度过此关，，但也预祝特朗普总统2020大选成功，坚持和中国打下去，中国很多体制也确实需要改革，现在担心得不是中国，毕竟中国是一个专制国家，而是担心美国能不能坚持下去，希望特朗普坚持下去
jgriffiths want to see what will happen if China begin to sell the debt of America
jgriffiths But the United States must now be stronger than ever to win the war against the Chinese tyranny, because this nation has taken away the work of many people from many countries on earth because of its monopoly.
jgriffiths The real question is how much of a similar life style can the Chinese people push their government, as they SEE the lifestyle of the west? That will be the turning point, and if the West can get information to the Chinese in one way or another!!
jgriffiths False. According to Forbes, Trade War is Hurting China While U.S. Economy is Booming. China is feeling the pain from the escalating trade war with the United States, with a key index falling to an 11-month low
jgriffiths When you have the greatest economy in the history of the world, you can win trade wars.
jgriffiths as basic as a ballgame, Wall Street and multinational corporations benefit from continued free trade practices with China due to unregulated/slave labor, workers benefit more protectionist policies due to less supply of labor, thus higher demand, which translates to higher wages
jgriffiths After 60 years of giving away our country. We finally got a man who is fighting to get America back like or dislike if he wins we all win
jgriffiths
jgriffiths
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jgriffiths Rare Earths?
jgriffiths *Trump Wins Tariff Oscar* The Gold Milk? award for the worst performance by a celebrity manipulating global tariffs goes to President Trump. The award was named in honor of one of the hardest hit groups from the ill-considered tariff wars, the U.S. dairy farmers.
jgriffiths Okay so we are really going to do this
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