Pacific Rim Challenges


During the 1980s, the United States has imported billions of dollars more in goods and services than it has exported. This huge trade deficit means that Americans are getting relatively poorer while their trading partners are getting richer. As the Bush administration looks for ways to reverse this trade imbalance, it will be looking to the Far East; half the country's trade deficit comes from the Pacific Rim. And the places that are likely to be singled out for tough trade negotiations are Japan, South Korea and Taiwan—each of which poses different problems requiring different solutions.

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