[Congressional Record Volume 141, Number 76 (Tuesday, May 9, 1995)]
[House]
[Page H4556]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                            TRADE WITH JAPAN

  (Mr. LEVIN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. LEVIN. Mr. Speaker, in this box is a part. It is a universal 
joint. I bought it on Main Street America yesterday, Main Street, Royal 
Oak, MI. It costs $11.47. In Japan, this part would cost over $100.
  What does it mean, this differential? It means fewer jobs here in the 
United States because our products are locked out in Japan. It means 
fewer jobs and smaller profits for our industry which could be 
invested.
  It also means the Japanese consumers are overcharged, and it also 
means that Japanese companies use profits from their sheltered markets 
to gain market share here to invest in the rest of Asia and elsewhere 
with an unfair advantage.
  It is long overdue that Japan open up their automotive sector to 
parts and to cars. Talk has not worked. Action is necessary. We support 
the administration's efforts.

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