As soon as the House of Representatives passed a sweeping trade bill by a vote of 295 to 115 last week, President Reagan all but promised to veto it. Said he: "This antitrade bill, this protectionist legislation, would have our nation violate the most basic tenets of free and fair international trade. Indeed, it would plunge the world into a trade war eroding our relations with our allies and free-world trading partners."
A combination of nine bills drafted by six House committees, the 458-page package now goes to the Senate. The measure, which aims to reduce the record U.S. trade deficit...
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