To: Poohbah
The Reagan admin did losen some trade restrictions, though got Japan to agree to export quotas for their cars. And while the Reagan admin did not resport to actual tariffs to protect industry in many cases, the dollar devaluation, while it took a while, did its job, and by 94, US industry was on the mend, Detroit was gaining marketshare, and even the steel industry was profitable again by then. I will be the first to say the Reagan and especially Bush 41 admin should have been far more proactive to ensure fair trade, but again, the dollar devaluation amounted to a large tariff.
155 posted on
08/01/2003 4:07:31 PM PDT by
JNB
To: JNB
Don't you hate having to repeat yourself? I could have sworn you said the same thing earlier...
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