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Can This Be Called Fair Play?
President Nixon’s action in imposing a 10% surtax on iinports is
hardly a “drop in the bucket” in controlling the ever-increasing flow
of foreign made textiles into the United States.
If you doubt this, take a look at the figures below:
If imported textiles keep coming into the U. S. at the rate they came
in during the first six months of 1971, they will amount to 6 billion
square yards during the entire year. Last year’s total was 4 billion
square yards of imports.
Latest figures for the first six months show that imports amounted
to 3.02 billion square yards, an increase of 43 per cent over the same
period in 1970.
The value of imported textiles during the first six months was $1.17
billion, compared to U. S. exports of only $347 million. This means
the U. S. has an imbalance of $820 million in textile trade, 50 per cent
higher than last year.
Nearly 60 per cent of the textile imports during the first half of
1971 came from Japan, Hong Kong, Korea and Taiwan. These four
countries have increased their textile shipments to the U. S. by 46 per
cent this year.
The United States cannot export to a number of countries, such as
Japan, which simply do not permit importation of textiles. Their bor
ders are virtually closed to imports from any country, including the
United States.
The Common Market countries have quota restrictions. Ten Euro
pean countries and Canada have agreements with Japan on textile im
ports. The United States has the only unlimited import market in the
world.*.
Since the 1930s it has been felt that free trade was a noble ob
jective. It is still a noble objective, but the United States is the only
country in the world pursuing it.
The solution the textile industry is looking for is a reasonable one.
It would limit the proportion of the market satisfied by imports, to do
this by category, and to provide for the growth of imports proportion-
nate to the growth of the market.
Isn’t that fair enough?
Copyright, 1971, Fieldcrest Mills, Inc.
Eden, N. C. 27288
Issued Every Other Monday For Employ®®®
and Friends of Fieldcrest Mills, Inc——■
Q OTIS MARLOWE
EDITOR
rinfiriRn^ auce warren
LJULJLlUvJ^ ASSOCIATE editor
Member, lntern.ational Association
of Business Communicators
Vol. 30 Mon., Aug. 30, 1971
SERVICE
nniversari£^
Forty Years
William E. Earles
Carrie H. Chaney
C. B. Barham KarastaO
Thirty-Five Years
L. Anne Minter
Robert H. Wray Bedspr®
Thirty Years
Lee Roy Brown
E. Marjorie Dalton +^1
Doris G. Grogan Quality Conn
H. Dillard Harris ® tinG
Bessie J. Searcy Shee
Twenty-Five Years
Lester O. Fulcher .... Karastan &
Thurman W. Hall ^arasw
Dorothy B. Janney bet
J. Maurice Stultz
Grace B. Coker Alexander Sheet
James G. Williams .... Alexander She
Robert T. Hoyle .... Alexander Sheet
Lewis H. Jeffries
Nellie E. Sprinkle Sheet Fttush
Helen C. McDaniel kd
Dorothy C. Holly ® unH
F. Durwood Moore Shee
Twenty Years
William B-. Minter
Clifton Norris Coluni
Julian E. Baker Karastan Spinn”
Fifteen Years .
Paul N. Collins, Sr
Louise H. Simpson Sheet Finish^ ^
Annie L. Wilson
Mary H. Brooks
Carol R. Hasten General je
Mary A. Joyce FieW'*
Ten Years
Percy E. Barber
Alice L. Davis
Vernon M. Hopkins taP
I. David Dickerson
Robert W. Moore Bedspt®
Charles W. Grogan
Blanket and Bedspr® j
Information ServJ
Nannie H. Rodgers
Mary R. Stegall ^arasi
Thomas L. Edwards
Benjamin F. Gardin Mt.
Martin L. Williams Fielh%
Ernest L. Hopkins Kara®
THE MILL WHIST^