Toning Down Trade Tensions
Weary of trade battles with Japan over semiconductors, autos, and telecommunications, the U.S. wants to try conciliation. One idea: resurrect a U.S.-Japan committee to resolve trade skirmishes before they turn into full-blown wars. The panel was established by the Bush Administration, but the Clintonites let it die. Lee Sands, a top Japan hand in the U.S. Trade Representative's office, is expected to discuss reviving the panel when he travels to Tokyo this fall.