To the Brussels headquarters of the European Economic Community last week came a message from "the British government formally requested admission to the Common Market. Hours later in Washington, President Kennedy declared that he was "gratified" by the step, but added: "The enlargement of the European Community will necessarily result in some changes in the pattern of trade." By any standard, this was an understatement. If Britain does, in fact, negotiate its way into the Common Market, the impact on the $20 billion-a-year U.S. export trade will be profound. Among the likely consequences:
ΒΆ There will be short-term hardships but...
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