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(Studio: Dan Rather) Report introduced.
(Santa Barbara, California: Bill Plante) President Reagan's decision to impose maj. tariffs on some Japanese imports to counter Japan's dumping of computer chips on United States mkts. examined; details given, scenes shown. [Last wk., REAGAN - opposes protectionism.] [Chief of staff Howard BAKER - defs. admin.'s move.] 1986 US-Japan trade econs. outlined on screen. [Representative Richard GEPHARDT, economy Allen SINAI - react to tariffs.] Prime Min. Yasuhiro Nakasone's upcoming United States visit mentioned.
(Tokyo, Japan: Barry Petersen) Reaction here to tariffs featured; details given, scenes shown. Pol. implications for Nakasone considered. Dollar's status against yen following Reagan's announcement and Treasury Secretary James Baker mentioned. [Banker Yoshihiko MIYABE - threatens to withhold investments in United States mkts.] Implications for United States due to Japan's purchase of US Treasury notes. explained. [Econ. William STERLING - comments.] Japan's threat to impose retaliatory sanctions noted.
- Petersen, Barry;
- Plante, Bill;
- Rather, Dan
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