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EVER since the modern era of internationalism began in the days of the New Deal, the U.S. has been committed to freer trade, and Americans have enjoyed many benefits from that policy. Consumers have been able to buy rising quantities of relatively inexpensive Italian shoes, British clothes, German autos, French food and Japanese cameras. Producers have profited from sales abroad of U.S. aircraft and computers, heavy machinery and soft drinks. The domestic economy gained as well, because international competition helped check inflation. The boons were so apparent that protectionism has been in steady retreat. Now in 1970, a year...

Author: /time Magazine | Title: Business: Comeback for Protectionism | 5/11/1970 | See Source »

Touchstone Issue. Next week the House Ways and Means Committee will begin hearings on a trade act that President Nixon sent to Congress late last year. In that document Nixon affirmed the principle of freer trade but suggested tighter restrictions on some imports and more accessible tariff shelters for U.S. industries injured by foreign competition...

Author: /time Magazine | Title: Business: Comeback for Protectionism | 5/11/1970 | See Source »

...Egypt today cannot indulge in large-scale offensive operations. She cannot even shell our lines for long because she knows that she will get it from the air. Once these missiles are installed, Egypt will feel freer to do whatever she wants. So one should not fall for the illusion that the SA-3s are defensive. They are being installed to give Egypt an offensive capability. The most severe aspect of the problem is the Sovietization of Egypt. Soviet troops will be operating in Egypt not only as advisers and technicians but as ordinary troops operating weapon systems. This...

Author: /time Magazine | Title: World: Israel's Bar-Lev: How to Cope With the Arab Armies | 4/6/1970 | See Source »

...regard each other as foreign countries. While he did not rule out negotiations on recognition, he stressed that the proper mission of the two German states was to narrow, not to widen, the gap between them. He suggested that Bonn and East Berlin work out plans for improved communications, freer travel and cultural and athletic exchanges. Said Brandt: "Unless we make a start in these areas, contracts about normalization are going to be nothing but an empty nutshell...

Author: /time Magazine | Title: Germany: On Speaking Terms at Last | 3/30/1970 | See Source »

...writers find America in its present state not to their liking, and this is evident in the paper. But they also communicate a vision of the freer, more honest society they would like...

Author: By Jeremy S. Bluhm, | Title: The Phoenix: A 'Writer's Paper' | 2/27/1970 | See Source »

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