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The US signed trade agreements with the Soviet Union in 1935 and in 1972. The Soviet Union and the United States granted each other most favored nation status.
by tssva 5y ago
The US signed trade agreements with the Soviet Union in 1935 and in 1972. The Soviet Union and the United States granted each other most favored nation status. Many other western countries signed trade agreements with the Soviet Union which included most favored nation status.
- Barrin92 5y agoThat one post-war trade agreement largely came down to Armand Hammer, a petroleum magnate having favourable personal relationships towards the Soviet Union. Overall trade between the Soviet Union and the US never exceeded 1% of the American GDP during the 70s and 80s and the countries where effectively decoupled. Obviously they weren't in any relationship one could legitimately call 'most favored' (which is a purely diplomatic term) given that we call the period the cold war for a reason. The relationship with China today is entirely different. The countries are extensively linked, with China being America's largest single trade partner outside of North America. 20% of American imports today come out of China alone.
- tssva 5y agoThe statement by the original commenter was that a trade agreement was made between the US and China and he couldn't remember that happening with the Soviet Union during the cold war. It did in fact happen. Whether significant trade actually took place is not the point.