U.S. trade with the Communist world last year totaled $612 million, less than the nation's commerce with Colombia. If the events of last week are any indication, however, a new era has begun for East-West trade. The Commerce Department, urged on by President Nixon, granted the Boeing Co. a license to export $150 million worth of jet equipment to China. Representatives of dozens of U.S. firms returned from a high-level meeting in Warsaw aimed at substantially increasing U.S. trade with Eastern Europe. Then, at week's end the White House announced a blockbuster:...
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