Political Battles Over Trade Wars

Political Battles Over Trade Wars Hart and Gephardt debate protectionism

Like an American businessman trying to sell widgets in Japan, Richard Gephardt knows about the frustrations of unequal competition. After all, the little known Missouri Congressman is trying to take on Gary Hart, the Sony of Democratic politics. But Gephardt thinks he has found the lever to open up the 1988 political market: the $170 billion trade deficit and America's declining competitiveness in world commerce.

Last week Gephardt was waging a trade war on two fronts. In Congress, he was pressing for passage of the Gephardt amendment, which would add protectionist teeth to the pending trade bill by mandating quotas or...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!