In 1962. President Kennedy sent what became the Kennedy round. the Trade Expansion Act of 1962. to the Congress. There has been a shift in the patterns of support for freer trade which had traditionally been found in the South. which exported raw materials and imported manufactured goods. regionally and internationally. The South then began to produce textiles. and became interested in protection. President Kennedys only hope of getting that bill through in 1962 was to get a quota system on textile imports. George Ball negotiated a 6month agreement. Then a team led by Michael Blumenthal. later Secretary of the Treasury.
Keywords matched
quota system