"One can hardly believe," said a member of the West German government last week, "that such friendly animals, so crisp when fried, could cause so much trouble." He was talking about chickens, and the "chicken war" that is being waged transatlantically between the U.S. and its closest friends in Europe. Disturbed by increased Common Market tariffs that have severely cut its lucrative chicken exports to Europe, the U.S. last week decided to retaliate by raising tariffs on many European goods.
A Test Case. One-third of U.S. agricultural exports (worth $1.4 billion) go to the Common Market, where—as always when farmers...