THE PRESIDENCY: Trade & Aid

Since last June, five U.S. allies in Europe have shipped strategic material worth some $6,000,000 to Communist countries, President Eisenhower told Congress last week. Under the Battle Act, the President could have cut off U.S. aid to all five nations—Denmark, France. Italy, Norway and Great Britain. He decided not to do so. Reasons: 1) many of the shipments were contracted before the Battle law went into effect, and 2) cutting off U.S. aid would "clearly be detrimental to the security of the U.S."

The President also:

¶Turned down Tariff Commission recommendations to raise the tariff on foreign wool. Instead, said the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!