Tariffs: Toward Agreement

Five times since the end of World War II, the nations of the free world have laboriously negotiated tariff reductions, but the sum of those efforts has amounted to only a nibble at the barriers to expanding world trade and prosperity. Late last weekend, after four years of continuous and suspenseful bargaining, 53 non-Communist countries struggled to the verge of an agreement that should result in the biggest bundle of tariff cuts in history.

Much more than trade depends on the successful outcome of the Kennedy Round. Historically, it represents a last stage in undoing the damage to the world...

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