Charlene Barshefsky: `There Is No Silver Bullet'
While the world's attention has been focused on Hong Kong, and while Congress has been debating trade relations with Mexico and China, Japan has been stoking its export machine. Japan's total trade surplus more than tripled in May as the country's exports soared. Preliminary numbers from Japan indicate another surge in June. Meanwhile, imports into Japan have dropped, and many sectors of the Japanese economy remain protected by subtle barriers. U.S. Trade Representative Charlene Barshefsky has been working to remove those import obstacles since she became a deputy U.S. Trade Representative in March, 1993. Barshefsky, 46, who became USTR in April, recently met with BUSINESS WEEK Washington Correspondent Paul Magnusson to discuss trade between the U.S. and Japan. Excerpts from that interview follow:
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