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 limitations 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. I want to repeat that last sentence by Professor Culbertson of the Department of Economics at the University of Wisconsin. In the world as it is. free trade is as suicidal for a highincome nation as is free immigration. Mr. President. that is what we have been contending here.
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immigration