President Eisenhower last week made it easier for businessmen abroad to compete with U.S. industrialists for contracts with the Government. By executive order, the President changed the way the Government will interpret the Buy American Act.
Formerly, Government agencies were virtually required to grant a contract to a U.S. bidder if his bid was no more than 25% above that of a foreign bidder. Although the Administration has already lowered this percentage informally, on occasion (TIME, Nov. 29), the new regulations officially set a new differential of less than 10%. Under the new order, a domestic bid can be thrown out in...
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