Coming Battle on Foreign Trade Policy
President Kennedy is preparing for a battle over foreign trade policy whose outcome may be of momentous significance to the United States and to a large part of the free world. At his news conference November 29, the President confirmed his intention to “go to the Congress in January,” following consultations soon to take place with legislators bearing responsibility in the field, to propose a program to revise methods of handling trade and tariff relations with other countries.
It is no secret that the administration wants a far-reaching liberalization of the tariff-making authority delegated to the Chief Executive by the Reciprocal Trade Agreements Act, which is due to expire by limitation next June 30. Because broadened powers to reduce customs ...