Japanese cars help boost U.S. trade deficit to record in 2006

Japanese cars help boost U.S. trade deficit to record in 2006 The U.S. trade deficit hit a record in 2006 as Americans bought more goods from China, more oil from around the world and more vehicles from Japan. That last fact will fuel a push by allies of Detroit’s automakers on Capitol Hill for the Bush Administration to take a more aggressive stance against the Japanese yen, which domestic automotive executives claim has been artificially weakened to bolster Japanese automakers.

Yup, so look forward to Detroit asking for a way to limit the success of Toyota, Honda and Nissan in the US, to help prop up Ford and GM, forcing Americans to continue buying substandard quality vehicles. Hey, if you can’t beat ’em, kill ’em or run ’em out of town.