WORLD TRADE: A Balky Start

Is the U.S. going to develop a world economic policy to support its political objectives? This question was crystallized last week by President Eisenhower's foreign-trade message to Congress. If the program he recommended goes through Congress, the U.S. will have made a belated start toward a foreign economic policy. If not, a major gap in U.S. foreign policy will become more conspicuous than ever.

The President's recommendations to Congress followed closely the report of Steelmaker Clarence Randall's Commission on Foreign Economic Policy (TIME, Feb. 1). Said the President: "This program consists of four major parts: aid, which we wish to...

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