Protectionism may be dead. But protectionists aren't, and by platoons they paraded before the Senate Finance Committee to protest President Kennedy's program for expanded foreign trade. Last week the committee approved the program—and gave Kennedy his most significant legislative victory of 1962.
The foreign trade measure is perhaps the best and boldest of all the programs sent to Capitol Hill this year. Fashioned to meet the challenge and the opportunity posed to the U.S. by Europe's Common Market, it would extend the President's powers to negotiate bilateral tariff reductions, permit him to slash all existing tariffs by as much as...
To continue reading:
or
Log-In
