Trade: Snag in Textiles

President Nixon suggested in his economic speech last week that a new commission will look into the nation's import policy, seeking to reduce U.S. prices by increasjng supplies from abroad. Even as he spoke, the Government was getting ready to stiffen prices by cutting back one major category of imports: tex tiles. The U.S. has long been pushing and poking Japan and other Asian allies to reduce their textile shipments. Washington has insisted that there should be so-called voluntary quotas for all textiles; Japan has been equally adamant in offering to hold down exports of a selected list of...

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