Frec trade under these condi. tions has the same effects as free migration. The only reasonable policy is to insist on trade that benefits us as well as the countries that sell to us. Achieving mutually beneficial trade requires limitation on imports to keep our trade in balance in the face of the wide differences in national wage levels. These import limitations are the counterpart of the immigration limitations that prevent an excess inflow of people from lowwage nations from undermining our standard of living. In the world as it is. free trade is as suicidal for a highincome nation as is free immigration. Mr. President.
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immigration