And the continuing intractability of talks between the United States and Japan on automobile trade sent the dollar down further, as the June 28 deadline for trade sanctions looms.

The United States and Japan announced Wednesday that they would resume stalled negotiations on automobile trade before the end of the month.

In addition to gears, the company made pinions and rawhide novelties, not only for the automobile trade but for many other lines which made use of such goods.

He said the Japanese were unwilling to commit to a schedule to lower their $50 billion trade surplus with the United States, three-quarters of which comes from automobile trade.

But the most contentious issue, and the one the Bush Administration least wanted to discuss in detail tonight, involved automobile trade.

On several points, including maintenance of the status quo in the automobile trade, Mr. Peterson's conditions appear to run counter to American demands.

Anyone who wonders why Washington and Tokyo can't reach an agreement on automobile trade should try to complete these three statement: 1.

He was apparently referring to so-called voluntary restraints in automobile trade and import quotas in sugar and textiles, among other products, that have raised domestic price levels.

Although such a sales level would still be relatively small, the move is seen as a means of addressing the lopsided automobile trade between Japan and European automobile markets.

Participants in the foreign exchange market have been feeling better about the dollar since late June, when the United States and Japan reached an 11th-hour compromise on automobile trade.