Foreign Trade: The Big Wheat Deal

To hear Nikita Khrushchev tell it, the $250 million wheat deal between the U.S. and the Communist bloc was about to crumble like a dry cooky. "I do have a feeling one might not come to an agreement," he told Moscow's visiting U.S. businessmen. "It may well happen that we will let you eat your own grain."

As it turned out, Khrushchev's information was slightly stale. After a month of fruitless haggling, the Russians had indeed been on the verge of calling the whole deal off early last week. Their main complaint was a provision that the wheat must move...

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