State of Business: Paradise Re-examined

Export-conscious U.S. businessmen are not sure whether the Common Market still looms ahead as a Promised Land or has dissolved into a Paradise Lost. To reassure them, President Kennedy at his press conference last week took time away from policy splits in NATO and lurking Russians in Cuba to argue that the Trade Expansion Act—so widely hailed by business—was still a promising gate to open the Common Market's new tariff walls. The trade act presumed Britain's entry into the European Economic Community when it gave the President the power to wipe out...

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