1. Auto Industry
Then, three historic "accidents" had come to Japan's aid. ... Those were indeed the salad days fro the Japanese auto industry. ... By limiting the supply of cars from Japan, the export restraints raised the prices of Japanese cars. ... After all, a tariff would have done as much good for American manufacturers and done consumers no more harm, while also raising government revenues. ... More importantly, this Japanese auto manufacturing presence in the U.S. has almost surely made it impossible to exclude Japanese cars during future recessions. ...
- Word Count: 1148
- Approx Pages: 5
- Has Bibliography
- Grade Level: High School