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” To Iacocca, winning required the imposition of a set of

Posted by akmal4a3smn on April 14, 2015
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One of the central planks of this economic policy manifesto was trade. Declaring that “we’re in the midst of another major war with Japan,” the Chrysler boss maintained that America’s “economic struggle with the Japanese is critical for our future.” Iacocca then decried how in this “trade war”, America had “one hand tied behind our back.” To Iacocca, winning required the imposition of a set of “selective and temporary [trade] restraints” on Japanese industries. He also wanted to see steps taken to equalize the exchange rate to counteract “Japan’s tricky games with the currency.”.

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