FOREIGN TRADE: Time for a Change?

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Other telling arguments: ¶ Said the A.F.L.'s Research Chief Boris Shishkin: abolition of all tariffs would not displace more than 300,000 U.S. workers and none of the liberalizations proposed could displace more than 90,000 at the most. C.I.O. Education and Research Director Stanley Ruttenberg proposed that Government subsidies could be provided to help relocate such displaced workers, and help factories get readjusted. ¶Chicago's Meyer Kestnbaum, president of Hart Schaffner & Marx and chairman of the Committee for Economic Development's trustees, said: "The dislocation resulting from gradual tariff reductions will ordinarily be less than our industries experience from domestic causes, such as new technological processes." <j[ ¶The American Farm Bureau Federation's President Allan B. Kline pointed out: "Imports are never a net reduction in our own markets because the dollars which people get by selling us goods eventually are spent in our own markets." After two days, Chairman Randall adjourned the hearings to go to Paris to gather more material for his report. Whatever he recommends, his biggest hurdle will be to get it past Congress.

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