Mr. Chairman. this bill is the result of a growing movement in Congress toward effecting specific increases in quota restrictions on foreign imports. There are two reasons given to justify stiffer trade barriers. First. that such is a broad economic prescription to cure our balanceofpayments difficulties and. second. that we should give relief to certain industries under pressure from rising imports. Well. Mr. Chairman. I challenge both of these arguments. They are fallacious. This bill treats symptoms. It does not treat the disease. It is not like the use of aspirin for scarlet fever. It is more like the use of leeches for the treatment of anemia.
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quota restrictions