Newspaper article St Louis Post-Dispatch (MO)

Carmakers Blast Japan, Korea on Trade

Newspaper article St Louis Post-Dispatch (MO)

Carmakers Blast Japan, Korea on Trade

Article excerpt

U.S. carmakers said Monday they would like the government to take steps against what they said were unfair trade practices by South Korea, and Japan's failure to honor a 2-year-old trade pact.

Andrew Card, president of the American Automobile Manfucturers Association, said at a news conference that U.S.-Japan trade was headed in the wrong direction, as a weak yen helped push up the U.S. trade deficit with Japan to its highest level in two years.

At the same time, he said, U.S. and other foreign car manufacturers were being shut out of South Korea's rapidly growing car market, while Korean producers stepped up production for overseas sales. "Allowing Korea to maintain a closed market while building huge auto assembly capacity could result in the loss of billions of dollars of U.S. automotive exports," Card said. The association, which represents Chrysler Corp., General Motors Corp. and Ford Motor Co., has urged U.S. Trade Representative Charlene Barshefsky to investigate South Korea's car trade practices. …

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