Archive Report
Archive Report
Pressure for Protection Against Imports
Growing or threatened penetration of United States markets by products of Japanese manufacture is bringing sharp outcries from representatives of managers and workers in the affected domestic industries and from advocates of generally increased protection for American producers. Insistent demands for government action to relieve fears of rising competition from Europe as well as the Far East raise possibly the most serious threat to liberal United States trade policies since the Reciprocal Trade Agreements Act became law in 1934. The current deficit in the country's balance of international payments and the current business slump add to pressures on the administration and Congress to impose new import restrictions.
Some labor unions have indicated that they will seek to generate more pressure by ...