In Geneva this week, representatives of 26 of the 35 nations adhering to GATT (General Agreement on Tariffs and Trade) were in the midst of their fourth attempt since the end of World War II to arrange, mutual tariff reductions. Despite lip service to freer trade, most of the GATT nations cling to their barriers. Undiscouraged, President Eisenhower last week forwarded to congressional leaders a memorandum declaring that it was "absolutely essential" that the U.S. join the Organization for Trade Cooperation. (The OTC, if it ever becomes a reality, will act as...
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