From 1952 to 1957, the U.S. imported only $61 million worth of heavy electric-power equipment, while exports of the same equipment totalled nearly $840 million worth. But General Electric Co. contends that even these small imports "threaten to impair the national security," wants a Government limit on imports. G.E. argues that U.S. power equipment has "greater proven reliability," that foreign producers maintain insufficient repair facilities in the U.S., and wars or political upheavals "may interfere with delivery" of foreign equipment.
British electrical manufacturers, who are the largest European exporters to the U.S., fired off an angry rebuttal. They said that...
To continue reading:
or
Log-In
