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r "1 «- i i 1 \ I -4 Thursday, S, 1960 SENSING THE NEWS ^ By Thurman Sensing: Eire stive Vice-President Southern States Industrial Council FOR A MODERATE TRADE POLICY The statements on trade and tar iff policy made at Hot > Springs re cently- by the sixteen Southern Governors was a simple and basic request that American industries re ceive consideratiori from the Ameri can government. Heart of the statement was the paragraph which called on the fed eral government to: “Promptly establish quotas which will provide fair and ade- 'jJl'ite protection to both domestic and foreign producers and indus tries in the fields of textiles and ap parel, m^nhadden and shrimp fish eries, and other areas in which ex cessive imports arc now damaging the domestic economy and security and assuring that the present man datory oil import; be held in line with the quota recommended by the President’s cabinet committee as essential to protect the national security.” There could no' be a more rea sonable and statesmanlike view of the situation than the resolution adopted by the Southern governors. They did not ask that towering trade and tariff walls be thrown up in order to bar foreign manufac turers from this country. The reso lution recognized that other coun tries must trade with the United States What the resolution did call for was a federal policy of mod era ’An and restraint on foreign im ports. Today, the foreign import situation is out of hand. As the governors asserted. “Many foreign- produced goods continue to usurp the American market place.” Un less some moderation is built into U. S. Trade laws, entire industries may disappear from the United States. This statement is not an exagger ation After all, the U. S. textile industry, for example, is operated by working people who enjoy a high standard of living. TTie employees of textile mills cannot be expected to live on wages to Oriental work ers Even Japan itself, which rep resents such a severe threat to the U. S. textile industry, is facing grave competition from textile shops in Hong Kong where living standards are even lower than in Japan Surely, the Japanese would not allow Hong Kong textile ope rations to capture their own domes tic market. If that were threaten- ed. the Japanese, for their own economic security, would call for* q4<*tas Every country mindful of the well-being of its people must give some degree of protection to its, industries It is all very well to fa vor allied lands, as the U. S. has! favored Japan, if the nation dolrtg* the favor is not crippled by its own generosity. But a nation cannot let its own industry deteriorate, i with resulting unemployment and loss of na-tipnol income, simply out; of the desire to win friends Rndl influence people on the interna- j tional scene. j j Some portion of the U. S. market should be open to foreign traders, but they cannot be permitted, as the governor* said, to “usurp” the entire market. This 'i: a real and present dan-1 ger. hnd not in textiles ajone. Ask any home-builder what goes into a dwelling these days. He will tell you that he buys nails from Bel gium. lighting fixtures from Ja pan window glass from France, and wire from Germany. It is get ting to the point where the principal American contribution is the cash j/ajd out for the finished product. At this time, the conditions of competition between American and foreign companies engaged in many lint's nf business are grossly un equal They are to the disadvantage otf American firms. The Japanese for example, can buy cotton from the U. S. government at a lower price than American textile manu facturers can purchase it. This may seem incredible to the man in the street, but it is true. " The government of the United States should be the servant of the people, not their master. Its first object ve should be to promote the economic well-being of Americans, not peoples living across the seas. 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