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Gephardt targets trade deficit at Quad-Cities event
At the 18th annual Quad-Cities World Affairs Conference in Moline Illinois Rep Richard Gephardt criticized Reagan trade policy calling the U S unsafe in the world market He argued Democrats will stress jobs lost to foreign competition while urging tougher measures against unfair trade practices alongside economists defending the deficit as not harming growth. Caterpillar executive H Richard Kahler warned of the overvalued dollar and urged a three pronged approach to balance trade including currency action market growth Europe and Japan and limited protectionism. Japanese journalist Yoichi Funabashi cautioned about Japan's politics amid dollar weakness and rising trade friction with Prime Minister Yasuhiro Nakasone.
MENTIONED IN THIS ARTICLE
Azette Sin Moline
Ilc
Richard Gephardt
D-Mo
White House
Quad-Cities
Gephardt
Reagan
United States
U.S
John Deere Co
University of Illinois
A. James Heins
Heins
Caterpillar
H. Richard Kahler
Kahler
Europe
Japan
Far East
Yoichi Funabashi
Yasuhiro Nakasone