US Presidency
1961

If the West is to take the initiative in the economic arena if the United States is to keep pace with the revolutionary changes which are taking place throughout the world -if our exports are to retain and expand their position in the world market then we need a new and bold instrument of American trade policy. For the world of trade is no longer the same. Some 90 % of the Free World's industrial production may soon be concentrated in two great markets the United States of America and an expanded European Common Market. Our own example of 50 States without a trade barrier behind a common external tariff helped to inspire the Common Market. Our support ever since the close of World War II, has been thrown behind greater European unity.