WORLD TRADE: Officially Neutral

Discontent seethed through a knot of delegates last week as the U.S. Chamber of Commerce sat down in Washington for its 47th annual meeting. A top item on the agenda was an annual policy statement that was expected to repeat the chamber's traditionally liberal view of foreign trade, plumping for reduction of tariffs and elimination of quotas. Only a week before, four Congressmen at the biennial meeting of the International Chamber of Commerce in Washington had warned that protectionism is on the rise in the U.S. Now a group of chamber members set out to prove it. Representing the...

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