(Dingmao, March 20), April 17, 1987, the U.S. to implement retaliatory economic sanctions against Japan for the first time.


Finance Minister Kiichi Miyazawa of Japan with U.S. Treasury Secretary James Baker held emergency consultations
the United States since April 17, color TV exports to the United States, Japan, small calculators and other electronic products impose punitive tariffs of 100 percent ($ 300 million U.S. dollars). The United States accused Japan contrary to semiconductor agreement between the two countries was signed in July last year, the the cheap dumping chips, serious harm to the development and competitiveness of the U.S. semiconductor industry. This is the United States since the Second World War to implement retaliatory economic sanctions against Japan for the first time. Japan protested to the United States on the date of the grounds of appeal to the United States in violation of the General Agreement on Tariffs and Trade (GATT). Pictured Japanese Finance Minister Kiichi Miyazawa hold urgent consultations with the U.S. Treasury Secretary James Baker in Washington scene.