WORLD TRADE: Peril Points & Politics

/f we wish to sell abroad, we must buy abroad.

—President Eisenhower, March 30, 1954 The President's foreign-trade program is, by his own definition, "a minimum program." By now, however, he knows that even the minimum will not get through Congress this year. At most, Congress will approve some customs modifications, some tax incentives for investment abroad and a bare one-year extension of the Reciprocal Trade Agreements Act. Meanwhile, another important part of the freer-trade program has turned up on the President's own doorstep.

Scissors & Shears. A dozen U.S....

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