By amending these acts. as I have proposed. Congress will assure domestic industries that the same standards of fair trade will be applied to importers. This should materially reduce the steady parade of domestic industries requesting quota restrictions. The results of my bill merely forecloses to the foreign supplier any unfair advantage which he might derive from a foreign subsidy. price cutting. dumping. or other activities which have been recognized as unfair trade practices in this country for many years and universally condemned. In no way would these amendments impede or restrict legitimate imports. nor provide protection to any domestic industry against legitimate competition.
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quota restrictions