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To: CPAMarty who wrote (5558)	2/14/1999 5:41:00 PM
From: Frodo Baxter	Read Replies (3) \| Respond to of 9256

>my point is that the USA should insist on equal access to Japanese markets or erect equivalent barriers to Japanese goods - we have been patiently trying to negotiate this for too long. Its time for an equal reaction to every protectionist action of theirs, the fact that much Japanese protectionism resides in their private sector is no excuse. You need to brush up on trade theory. Erecting protectionist measures in a silly attempt to "learn them a lesson about free trade" is about as sensible as burning your paycheck because taxes are too high. Closed societies lose to open ones. Inasmuch as Japanese hot-rolled steel or Korean DRAM is being "dumped" at "below-market" prices in our markets, the proper response is not to bitch and scream and impose punitive tariffs, the proper response is to buy as much as possible!