International trade
In a statement made after a meeting at the White House with President Clinton, the United Nations Secretary General, Boutros Boutros-Ghali, announced that he plans to wait no more than several weeks before asking the Security Council to consider tougher measures to oust Haiti's military leaders. The UN
International trade
As the United Nations tightens trade sanctions on Haiti, smugglers are brazenly bringing in fuel across the Dominican border, despite the new restrictions aimed at pressuring the military-backed government to step down. The measures come as the country's political deadlock deepens, with the democratically elected President, Father Jean-Bertrand
International trade
The United States' dissatisfaction with Japan's market-opening package, intended to revive stalled bilateral trade talks, caused significant market fluctuations in Tokyo. The US dollar plummeted to its lowest levels since February 15, only to rebound in late trading after the Bank of Japan intervened to rescue it.
International trade
The US disappointment with Japan's recent market-opening package led to a sharp decline in the value of the US dollar and a significant drop in the Tokyo stock market. The US dollar fell to 102.53 yen, a 0.65 yen decrease from its New York close the
International trade
President Clinton's decision to invoke a trade law provision known as Super 301, which would allow him to impose tough sanctions on Japan, is unnecessary, dangerous, and misguided. While polls show that a majority of Americans favor a tough stance towards Japan, the provision undermines the international apparatus
International trade
Japan's government leaders reaffirmed their commitment to free trade principles in the face of escalating tensions with the United States over trade disputes. Despite US President Bill Clinton's reinstatement of the 'Super 301' trade law, which allows for unilateral action in resolving trade disputes,
International trade
The Clinton administration has decided to impose sanctions against Japan on cellular phones, following the collapse of trade talks between President Bill Clinton and Japanese Prime Minister Morihiro Hosokawa. The move is aimed at increasing pressure on Japan to open its markets to American companies. Clinton warned Japan that it
International trade
Japan's Prime Minister Morihiro Hosokawa has warned the US against imposing trade sanctions on Japan following the collapse of trade negotiations between the two nations. Hosokawa expressed his hope that the US would refrain from such measures, citing the General Agreement on Tariffs and Trade (GATT) rules. However,
International trade
The Canadian economy has shown mixed signals in 1987, with some indicators pointing towards growth while others suggest a slowdown. According to the latest data from Statistics Canada, the gross domestic product (GDP) has seen a 0.1% increase in the seasonally adjusted annual rate, while the merchandise trade balance
