Auto Trade Deficit Worsens: Despite rising U.S....

Auto Trade Deficit Worsens: Despite rising U.S. production of Japanese-brand cars and shrinking imports of cars made in Japan, the auto trade deficit between the two nations will continue to worsen, a University of Michigan study predicts. The study says a flood of Japanese-made auto components to supply the “transplant” assembly operations of Japanese companies in this country will most likely cause the U.S. auto trade deficit with Japan to jump 47%, to $45.7 billion, by 1994.