Would Tariff Suspension Hurt U.S. Business?

The article mentions United States foreign trade policy and the outlook for tariff suspension under the Eisenhower administration. Import quotas can be more effective than tariffs in controlling the flow of specific foreign goods into the American market and preventing job loss. The suspension of tariffs would have little impact on industries such as steel, construction, clothing trade, or cigarette leaf tobacco. Topics include the provisions of the Reciprocal Trade Agreements Act, data showing the effect of import competition on various commodities, and the conditions of inelastic demand.