RECIPROCAL TRADE will be major congressional battleground next year when current laws expire. Protectionists are gaining strength in Congress; they will push hard to wipe out laws under which President Eisenhower can lower many tariffs whenever similar concessions are granted by foreign countries. White House has given notice that it will fight to have laws extended, though it may have to accept some changes.
TANKER BOOM will push U.S. shipyards to new peacetime record this year despite cut-rate foreign competition, post-Suez shipping slump. Domestic shipyards have 99 merchant vessels grossing 2,316,572 tons under construction or on order, v. 44 ships totaling 729,660...
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