Is trade a good weapon?
Powerful nations always use international trade as a political weapon, and America is no exception. Washington has placed restrictions on U.S. companies doing business with countries as ideologically different as Fidel Castro's Cuba, Ian Smith's Rhodesia and Idi Amin's Uganda —often with mixed results and doubtful gains. Last week the U.S. once more waved its trade cudgel, this time against the Soviet Union. And again the move sparked debate over whether it is wise and whether it will work.
In his Administration's first major response to Russia's sentencing of...
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