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...
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