Now that the U.S. has to pay closer attention to its foreign trade backing, some surprising facts are turning up. Example: it costs 50% more, on the average, for a U.S. exporter to ship his goods abroad than for a European or Japanese to bring the same products to this country. Not until President Kennedy's recent warning that this fact has begun to pinch U.S. exports did the Government start to do something about it. Last week, heeding Kennedy's call for "corrective action," both the Commerce Department and the Federal Maritime Commission began putting pressure on shippers to straighten...
To continue reading:
or
Log-In
