Refer to Application: U.S. Imports of Japanese Automobiles in answering the following questions: a. Why did the
Question:
Refer to “Application: U.S. Imports of Japanese Automobiles” in answering the following questions:
a. Why did the UAW and Ford Motor Company fail to receive protection from foreign competition from the ITC?
b. What is the impact on American consumers due to the VER imposed by Japan’s Ministry of International Trade and Industry (MITI) to limit the number of Japanese cars exported to the United States? More specifically, how did the VER affect the prices and quality of foreign and domestic cars?
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a To receive protection under Article XIX of GATT and Section 201 of US trade laws the ...View the full answer
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