Trade: A Will to Agree

Since the first meeting in May 1963, Kennedy Round negotiations have moved mostly in circles. The idea, advanced by President Kennedy, was to put through a big round robin of tariff reductions. But before they could present their own tariff-cutting package to the rest of the non-Communist nations involved, the Common Market countries had to settle all sorts of arguments among themselves. And as the Common Market kept calling time out, a deadline grew ever closer: the authority granted by Congress to the President of the U.S. to chop tariffs by 50%...