Trade-offs for Trade

Osborne, John
April 1973
New Republic;4/21/73, Vol. 168 Issue 16, p11
Focuses on the U.S. President Richard Nixon's foreign trade message and legislation that he sent to the U.S. Congress. Information on Trade Reform Act of 1973; Proposals to remove antitrust restrictions on collaborating bidders for foreign business and to retain, while slightly reducing, the tax breaks given American companies that invest in and operate foreign subsidiaries; Designation of George Schultz as Secretary of the Treasury; Request of Nixon for authority to eliminate, reduce or increase customs duties; View that Nixon's statement and definition of the new authorities he was seeking were perfect examples of the trade-offs for trade that studded his message and legislation; Information on similar trade-offs were proposed in sensitive areas as American investment in foreign enterprises and the taxation of profits earned abroad by American subsidiaries.


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