Clinton Turns Up The Heat On Japan
THE CLINTON ADMINISTRATION trade warriors are wielding some big clubs to force Japan to open its market for autos and auto parts. The most recent round of negotiations ended on Apr. 18 with no breakthroughs. Now, Administration sources say the U.S. will slap extraordinary 100% punitive tariffs on Japanese luxury cars imported from Asia if Tokyo doesn't make concessions. Officials also are weighing tariffs on Japanese-made parts. Japanese negotiators say they will pull out of talks if the U.S. continues to threaten trade sanctions.