Auto bonuses could backfire
Trade Representative William Brock has been one of Detroit's best friends. For three years, he helped pressure the Japanese into accepting quotas on their auto exports to the U.S. But last week he sounded like a friend betrayed. Angered by the huge bonuses being given auto executives. Brock warned that the Reagan Administration, if reelected, would probably not ask Japan to renew the quotas when they expire next March. "Our reluctance," he told the Washington Post, "would be a mile wide and a mile deep." Brock admitted that he...
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