The Japan-America trade war, which our authorities are pressing on many fronts, is only part of a much broader offensive. There are skirmishes or battles going on all around the globe. The European Community claps restrictions or imposes “voluntary” restraint. Australia and New Zealand pound on the table and make threats. The ASEAN countries hint that it will be hard to cooperate while they suffer negative trade balances. The Third World countries whine that they would appreciate more Japanese development aid. And the Arab nations roar that Japan will go energy hungry if it doesn't help them build up their industry (and reverse its earlier policy on the Middle East).
The European Community and the third world