When it appeared that the cotton textile industry had generated sufficient pressure to get Congressional relief. the State Department prevailed on the Japanese to put in effect a quota on exports of cotton textiles to the United States. Then came the petroleum industry. After a finding that our national security was threatened by petroleum imports. the President ignoring the provisions of the Trade Agreement Act sets up a voluntary import quota system which operates in somewhat the same manner as a lawful import quota system would operate but lacks the sanctity of the law. This dodging from pillar to post and back to pillar again. will not end unless Congress puts a stop to it. Is the Congress to be asked to take favorable action in favor of some of our industries and deny relief of any kind to others because the favored industries wield a bigger political club?
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quota system