Trade War Ahead?

Samuelson, Robert
April 1976
New Republic;4/24/76, Vol. 174 Issue 17, p13
Focuses on the prospects of international trade and the shoe industry in the U.S. Percentage of exports of the country's trade in the nation's output; Import restrictions imposed on shoes by the International Trade Commission; Implications of the restrictions on the shoe and steel trade; Impact of economic recession, oil bills and high unemployment on the country; Discussion about the escape clause intended to balance the theoretical good of freer trade against the practical social and political problems; Opinion that import protection will not help weaker firms but help stronger firms.


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