It is not contrary to Republican policy even to advocate certain reductions in tariff rates in the interest of trade expansion. where changed conditions of relative cost of production make this possible without involving unfair and ruinous competition. Unfortunately this pathway is pretty effectively barred by the increased cost of production under the codes of the N.R.A. European and Asiatic goods. made with long hours of work. low wages. often sweatshop conditions. are even now leaping over our tariff walls. flooding us with foreignmade goods. and threatening the existence of many of our industries. If it is desirable for American industry to be protected from cutthroat competition at home. it is most assuredly right that it should be protected from cutthroat competition of foreign manufacturers. It is also recognized by the Members on both sides of the House. excepting only the silver bloc. that the development of international trade is conditioned. in the last analysis. by the exchange of goods and services for goods and services.