WORLDWATCH: An Overview of Major News Events and Trends - Herbert W Armstrong - June 1977

Herbert W Armstrong

TRADE WAR JITTERS, A surge of trade protectionism has surfaced in recent months. High officials in the U.S. and Japan are already warning about the possibility of trade war. In the most publicized case, the U.S. International Trade Commission, a group empowered to recommend relief for domestic industries threatened by imports, formally proposed in early spring that President Carter raise tariffs on imported shoes by as much as 40 percent. - Information Supplied By: Herbert W Armstrong Library