The Economy: World Trade: A Clash of Wills

A MONTH ago, the initial response in foreign countries to President Nixon's economic blockbuster was a curious mixture of shock and sympathy. Although bankers, businessmen and government officials were stunned by the President's decisions, many said that Nixon was justified in taking drastic action to buttress the dollar. Last week quite a few of those leaders began to express a very different set of feelings. In Europe and Japan, they were muttering that the U.S. is refusing to compromise in solving major international problems that are largely of its own making.

Foreign nations...

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