Foreign Trade: Bold New Instrument

The Kennedy Administration had long since made it clear that its major legislative ambition for 1962 would be to achieve a new program on trade and tariffs, designed to give U.S. industry freer access to the burgeoning six-nation European Common Market. In his State of the Union message, the President said he would request a "bold new instrument" to reshape U.S. trade policy and meet the demands of a changing international economy. Last week he did just that, sending up to Capitol Hill a fat, 52-page proposed Trade Expansion Act of 1962 designed...

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