Magazine content is available exclusively for TIME subscribers.RUSSIA'S TRADE WAR
A New Threat to U.S. Exports
WE declare war on you in the peaceful field of trade." Thus last November Nikita Khrushchev threw out a new and threatening challenge: a worldwide Soviet economic offensive designed to cripple U.S. trade and capture the economies of underdeveloped and uncommitted nations. Since then, Soviet economic penetration has moved so fast that U.S. Ambassador to the United Nations Henry Cabot Lodge fortnight ago warned that the U.S. may have to face the question of subsidizing its exporters to keep them in competition with the Russians.
From 16th place among the world's trading nations in 1938, Russia...
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