Going After the Trade Gap

A sweeping law will be as tough as future Presidents make it

The 1,000-page bill was four years in the making and remaking. It was debated, dissected and many times given up for dead. But last week Congress finally finished -- and seemed overwhelmingly pleased with -- the most extensive reworking of U.S. trade laws in 25 years. By a vote of 85 to 11, the Senate passed a bill identical to the one that had already been approved 376 to 45 by the House. Although President Reagan vetoed and nearly killed the bill only four months ago, he will sign it this time, since Congress removed the offending provision requiring companies to...

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