Word: protectionists
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...volume when the roar of U.S. assembly lines slackens a bit. The current business slump is no exception. And now the chorus has swelled with the addition of some new voices: labor unions, long among the staunchest supporters of freer trade. For the first time, when the conservative, protectionist Nation-Wide Committee on Import-Export Policy met last week in Washington, some 20 labor unions were represented. Breaking away from basic A.F.L.-C.I.O. policy, which remains free trade, the unions joined the committee's trade-association membership in recommending legislation to the new Congress to encourage higher tariffs...
...stand of the newly protectionist unions is put simply and forcefully by Amalgamated Clothing Workers President Jacob Potofsky, an oldtime free trader himself until recently: "Do we have to stand by idly while our jobs are destroyed? Do our cutters have to continue to cut fabrics made in Japan?" Potofsky's answer: a resounding "No." The clothing workers voted to take direct action against imported goods, and next month the A.C.W. Executive Board plans to pass on an order to their members not to cut any Japanese-made fabrics received by a manufacturer after...
...face of the rising protectionist cry, President Kennedy last week gave his implicit endorsement to a new solution. He ordered release of the summary of a report being prepared by the Senate Committee on Interstate and Foreign Commerce which argues that "remedies other than import restrictions should be available" in the form of "adjustment assistance." (The Nation-Wide Committee on Import-Export Policy's protectionist members promptly denounced the plan.) Under the plan, industries would be required to prove that imports-and not inefficiency-were the specific cause for falling sales and employment. Where the need was real...
...finally issued, the President's directive had a desperate tone about it, with its "buy American" restrictions running counter to the longstanding Administration goal of freer world trade. The pinchy, protectionist mood of the directive made it plain that the balance-of-payments deficit is one of the gravest problems facing the U.S. and its new President. It would be a body blow to the free world if the U.S. tried to solve the problem by slashing foreign aid or by retreating to protectionism after a decade of heartening progress toward freer trade. To avoid those paths...
...Ford Falcon (New York list price: $2,040) costs an English buyer $5,238, an Italian $4,368 and a Frenchman $4,184. Many a businessman feels that unless foreign nations allow U.S. products to compete on equal terms in foreign markets, there will be a rise in protectionist sentiment...