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US, Japan agree on rise in auto exports to USSkip to next paragraph
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Japanese and US officials Tuesday agreed on a 1.85-million-unit ceiling on Japanese auto exports to the United States beginning in April 1984 in a compromise
reached eight days before President
Reagan's state visit.
The agreement, which extends a three-year
voluntary curb already in effect, raises the number of autos to be exported to the US by 170,000 units for the year.
US automakers were expected to react favorably to the new limit. There had been concern the Japanese might refuse any renewal.
Meanwhile in Washington, an overwhelming majority of the Senate urged US negotiators to insist that Japan dismantle all trade barriers to imported beef.