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We are all inches from the ground

Inches from the ground

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Ronald Reagan:

Forced Japan to accept restraints on auto exports;
Tightened considerably the quotas on imported sugar;
Negotiated to increase the restrictiveness of the Multi­fiber Arrangement governing trade in textiles and apparel;
Required 18 countries, including Brazil, Spain, South
Korea, Japan, Mexico, South Africa, Finland, Australia, and the European Community, to accept "voluntary re­straint agreements" that reduce their steel imports to the United States;

Imposed a 45% duty on Japanese motorcycles for the ben­efit of Harley Davidson

The Harley Law 

The Cato instatute warned: 

According to the economic analysis and estimation that have been done on the Harley-Davidson case, the new tariff will unambiguously prove to be a setback for the American economy. ITC specialists predict that the tariff hike will raise prices 10 percent the first year. Other officials believe that the price increase might be as high as 17 percent

Harley sales before the tariff: $200 million

Harley sales after the tariff:  $3.3 Billion and Forbes names it company of the year.

Raised tariffs on Canadian lumber and cedar shingles;
Forced the Japanese into an agreement to control the price of computer memory chips;
Removed third-world countries on several occasions from the duty-free import program for developing nations;
Pressed Japan to force its automakers to buy more Ameri­can-made parts;
Demanded that Taiwan, West Germany, Japan, and Switzerland restrain their exports of machine tools;
Accused the Japanese of dumping roller bearings on grounds so that the price did not rise to cover a fall in the value of the yen;
Accused the Japanese of dumping forklift trucks and color picture tubes;
Extended quotas on imported clothes pins;
Failed to ask Congress to end the ban on the export of Alaskan oil and timber cut from federal lands;
Redefined dumping so domestic firms can more easily charge foreign competitors with unfair trade practices;
Beefed-up the Export-Import Bank, an institution dedicated to distorting the American economy at the ex­pense of the American people in order to artificially pro­mote exports of eight large corporations.