TITLE

Trade-offs for Trade

AUTHOR(S)
Osborne, John
PUB. DATE
April 1973
SOURCE
New Republic;4/21/73, Vol. 168 Issue 16, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
10152052

 

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