Speech #860170260

In their place. halfhearted efforts have been made to remedy the situation by extralegal methods conceived in the minds of those concerned with foreign policy. rather than in the minds of economists. I refer. of course. to the socalled voluntary quota agreements negotiated with the Japanese. who were the source of the initial flood of our textile imports. Mr. President. the voluntary quota system. so far as the Japanese textile import situation is concerned. has undoubtedly been of assistance to American textile plants and American textile workers. It is not. however. a satisfactory solution of even the Japanese import problem. much less the overall textile import problem. In the first place.