The U.S. textile industry last week laid before the Tariff Commission a country-by-country quota-protection program to offset the flood of foreign cotton imports. Bruised by competition from abroad, domestic cotton manufacturers recommended that each foreign country be limited to the volume of its 1955 cotton exports to the U.S. Otherwise, U.S. textile producers will be placed in the position where they will have to establish overseas plants to take advantage of less expensive foreign manufacturing facilities.
Millowners claim that such protection is necessary because they are unable to compete with cheap foreign labor, are also being undercut by the U.S....
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