If we fail to act quickly. the world excess in beef production will be dumped into this country. causing further damage to our own livestock industry. which is already in deep trouble. Mr. President. this recommendation is a reasonable and just one insofar as our foreign friends are concerned. As you know. the 1964 import quota law is not an embargo. It gives foreign countries a fair share of our domestic market based upon total consumption. usually around 6.7 percent of total U.S. production. During the first 4 months of 1974. meat imports jumped an alarming 2 percent over the same period in 1973.
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quota law