After seven months of weary dickering, the world's great trading nations, led by the U.S., took a long step toward improving the channels of free world trade. This week the State Department published a massive (230-page) report, summarizing the results of the 23-nation Geneva conference on tariff barriers (TIME, Feb. 3).
Tariffs on thousands of products were reduced. The U.S. won cuts in 2,952 foreign tariffs. They ranged from aircraft frames (import rates reduced from 20% to 15% by Canada) to canned beans (cut 50% by the British). They included lowered rates on agricultural products, automobiles, industrial machinery, office appliances...
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