This pamphlet has been especially prepared for use by discussion groups. Its purpose is to present, in brief form, some of the more important facts and opinions brought out at the Congressional Committee hearings prior to the recent extension of the Reciprocal Trade Agreement Act. Divergent views on the following questions are presented: How are the trade agreements affecting our trade balance? Who have benefitted under the agreements? What consideration should be given to domestic production costs? Is it to our advantage to treat all nations equally under the agreements? Is the present procedure for hearings fair? Are the President's powers under the act constitutional? Does the reduction of trade barriers reduce the threat of war?