We were hardly running trade deficits back then meaning pre-Ronald Reagan. Go check out the stats. Thus we could afford the stupidity of allowing Japan to make inroads in our automobile market. We did this because Japan was a loyal ally. The ChiComs are adversaries yet we allow their imports to invade America. That is plain traitorous and dumb
Looks like we were importing 2 million Jap cars back then pre-Ronald Reagan. My mistake
That’s OK mistakes happen.
I agree with you on the China problem though. As a Government they are dishonest and it is very difficult to play with a dishonest player. Sometimes it’s best to leave the table if you can.
There is a pretty good article from 2004 in Business Week i just skimmed over it was interesting you may want to look at it. http://www.businessweek.com/magazine/content/04_49/b3911401.htm