Under heavy political pressure, the Ford Administration set out about six weeks ago to convert the Soviet Union from an in-and-out, market-disrupting buyer of U.S. grain to a steady customer that makes regular purchases in agreed-on amounts. Last week in Moscow, U.S. and Soviet negotiators signed a five-year agreement that should accomplish that goal and lessen the inflationary impact of future Soviet buying by enabling markets to anticipate it. In contrast to the furious criticism that has greeted past U.S. grain sales to the Soviets, this deal satisfied almost everyone except American farmers who wanted no limits of any kind...
TRADE: Making the Soviets Steady Customers
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