U.S. Faces Economic Competition with Asia
In the 1980s, Japanese companies were snapping up prime New York real estate and Japanese cars lined both Main Street and Wall Street, spiking economic anxiety in the U.S. As a result, Americans and politicians targeted the country, through the destruction of Japanese-made products and heavy tariffs. Today, China finds itself in a similar situation. Ambassador Carla Hills, Bill Reinsch, Craig Allen, Kim Menke, and Don Morrissey discuss the similarities and differences between the anti-Japanese sentiment of the 1980s and the anti-Chinese sentiment of today.