FOREIGN TRADE: Through the Curtain

Three top U.S. businessmen last week called for a new foreign economic policy for the U.S. All three agreed that the U.S. should accept and promote the expansion of East-West trade.

¶ Said Trans World Airlines' Chairman Warren Lee Pierson, head of the U.S. Council of the International Chamber of Commerce: "We should go slow in preaching the value of free enterprise and of competition abroad while we erect unreasonably barriers to competition with our own markets. We should not insist that friendly nations shut off trade with Iron Curtain countries unless we are will ing to assist them in...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!