129. Memorandum From the President’s Special Assistant (Paarlberg) to President Eisenhower0
Last November you requested the Tariff Commission to investigate the need for imposing a cotton textile import fee equivalent to our export subsidy on raw cotton.1
That inquiry was prompted by the strong equitable claim of American textile producers who pay the domestic supported price for raw cotton while imported textiles use raw cotton purchased at the lower world market price.
The Tariff Commission, with two dissents, found that textile imports do not interfere with the Department of Agriculture’s cotton programs. Accordingly, the Commission recommended no import restrictions.
The State, Agriculture, and Commerce Departments recommend that you accept this majority finding. Your staff concurs.
If you approve, your initials on the attached press release would authorize the announcement on this decision.2
- Source: Eisenhower Library, Areeda Papers, Cotton Textiles, Section 22. No classification marking.↩
- See Document 114.↩
- The attachment is not printed. On August 23 the White House announced that the President accepted the Tariff Commission’s findings. For text of this announcement, see Department of State Bulletin, September 19, 1960, p. 445.↩
- Printed from a copy that bears this typed signature.↩