Annual Report for the Year volume 1957

Cover Annual Report for the Year volume 1957
Annual Report for the Year volume 1957
United States Congress House Committee On Un Am
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THE COMMUNIST TRADE OFFENSIVE Three economic experts testified that trade with the Soviet Union and other Communist nations is a one-way street that can lead only to the ultimate destruction of the United States economy.
The witnesses were Anthony J. Marcus, president of the Institute of Foreign Trade in New York; Christopher Emmet, author and radio commentator; and Dr. Nicolas de Rochefort, formerly a lecturer at the American University in Washington. All three were unanimous in their view tha
...t international trade is merel}' another weapon in the Communist arsenal.
"Trade with the Red bloc would be ruinous to the United States and all free nations, " Mr. Marcus testified.
"From the very beginning the . Soviet Union started to use trade as a weapon to harm their non-Communist adversaries. They will buy and sell to people where they can get the greatest advantage — not in money, but in infiltration, subversion, and the stealing of technological know-how.
54 REPORT OF COMMITTEE ON TUST- AMERICAN ACTIVmES "If they can cripple American foreign trade, which now amounts to $26 biUion a year, they will have accomplished their goal without a shooting war, " he declared.


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