U.S. FINDS ITSELF VIRTUALLY ALONE ON JAPAN TRADE
Japanese trade officials have spread through Asia in recent days, warning government officials that their booming economies will be the next targets if Japan is forced by the United States to set aside a certain portion of its market for American goods. The message is sinking in. Nearly two weeks after declaring that it would impose harsh trade sanctions on Japan, the Clinton Administration is finding itself isolated and outmaneuvered around the world, with Asian governments joining their counterparts in Europe in condemning Washington's move to impose $6 billion in punitive tariffs against Japanese-made luxury cars.