Prepare for Trade War! - Gene H Hogberg - January 1986

Gene H Hogberg

THE Free World's 40- year period of unprecedented prosperity may soon come to a crashing halt. Support in the United States-the West's leading trading nation-for maintaining free trade is crumbling fast. Instead, there reverberate in the halls of Congress warnings to trade partners to open markets or face the retaliation of heightened tariffs and quotas. President Ronald Reagan is caught in a political vise. He defends his economic policies by pointing to the seven to eight million jobs created during his tenure in office. But many of these jobs are in the service area. Hundreds of thousands of jobs are fading from older manufacturing fields, from primary industrial products such as steel to soft goods such as textiles and footwear. - Information Supplied By: Herbert W Armstrong Library