The current American and European mutual accusations of agricultural protectionism are an obvious case of the pot calling the kettle black. What series of events led up to this confrontation? And how can the conflict situation be eased?

The 1974 Trade Act gives the US President extensive authority to engage in multilateral trade negotiations in the framework of GATT. The following article offers a survey of the provisions of the Act and discusses its possible impact on international trade relations.

There seems to exist wides pread agreement on the superiority of free trade over other forms of trading systems with protectionism being accepted, at best, as a temporary device for slowing down adjustment processes. As against that, Dr. Hager argues that the markets of industrialised and...