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I Was a Welfare Mother (Carol Whitesell)
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Trade

The League's support for a liberal trade policy is predicated on the belief that the broad interests of_ the American people are best served by freer trade. The promotion of world trade contributes materially to a sound economy within this country and to political harmony among nations.

Open trade provides the consumer with the widest possible variety of choices and it increases markets for U.S. products. Domestic industries must be willing to compete on the international level.

Because they limit the range of available goods, barriers to trade -tariffs, quotas, Buy American provisions, etc. -- contribute to inflated prices. They increase the possibility of economic depression by shutting off markets. Trade is two-way--it means "swap." If we do not buy from ether nations, they do not buy from us. When we restrict imports, our markets abroad contract, resulting in fewer jobs and lower industry profits. Adjustment assistance programs should be used to help firms and workers hurt by import competition.

We support U.S. participation in multilateral trade agreements, and the extension of the benefits of these agreements to our trading partners. Except for special temporary concessions to developing countries, trade agreements should be made on a reciprocal basis for all nations.

The League believe:, that the U.S. should move toward relaxing restrictions on trade with the USSR and Eastern Europe. Executive discretion, selectivity on a country-by-country basis, flexibility and frequent reevaluation would permit gradual appropriate expansion.

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