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This he believed would take a very long time, end was the less satisfactory of the two methods.
 
          I had also mentioned the problem of a liberal, most-favored-nation international trade 
 
relationship as an objective towards which the nations of the world should strive. He felt quite in 
 
accord with me, he said, that that was a desirable goal. and Germany, under more normal 
 
conditions, would gladly cooperate towards that end. He did not, however, believe that 
 
unrestricted international trade was the cure for all of the world'd economic problems. He said, for
 
example, that while Germany would doubtless profit by taking a considerable portion of America's 
 
agricultural surpluses, an industrial country like Germany could not take any con-
 
siderable portion of industrial products from the United States, nor could the United States take 
 
any considerable portion of Germsny's industrial exports. It was, consequently, necessary for 
 
Germany to intensify her trade relations with countries in Central and Southeastern Europe
 
who desired to take Germany's industrial exoorts, which they themselves did not produce, in 
 
return for raw materials desired by Germany.
 
          At this point I interjected to say that the Chancellor appeared to overlook the fact that 
 
while the United States, it was true, was a large industrial producer as well as an exporter of 
 
agricultural surpluses, nevertheless, trade between the United States and Germany over a period 
 
of many generations had been highly profitable to both sides. The Chancellor, I said, must not 
 
forget that Germany produced many forms of industrial products which were produced either
 
more cheaply or in more efficient form than similar products produced in the United States, and 
 
that such exports from Germany