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Updated: May 25, 2025
Otherwise the American merchant, manufacturer, and exporter will find many a field in which American trade should logically predominate preempted through the more energetic efforts of other governments and other commercial nations. There are many ways in which through hearty cooperation the legislative and executive branches of this Government can do much.
Thus by means of the bill the exporter has received immediate payment for his wheat, the importing merchant has been supplied with credit for three months in which to bring home his profit, and the bank which bought the bill has provided itself with an investment such as bankers love, because it has to be met within a short period by a house of first-rate standing.
"The poppy is extensively cultivated in India; and the export tax in Calcutta amounts to six and a quarter millions, in Bombay, to three and a half millions, on the manufactured opium. The producer sends his crop to the government factory, whence it is sold to the exporter; all this to prevent frauds on the revenue. "Wages and prices have gone up under British rule.
I wish the exporter who thus develops the resources of his country much profit on his venture. But it strikes me that, instead of the eagle, the more useful gobbler has superior claims to be voted the national bird of America. "A turkey for a dollar!" repeated the shipper as I told him our price; "a turkey for a dollar what a country!"
We've worked hard to tear down trade barriers abroad so that we can create good jobs at home. I'm proud to say that today America is once again the most competitive nation and the No. 1 exporter in the world.
England, as an exporter of manufactures, had to meet competition at the world's prices, and must have cheap food supplies. Canada had surely a higher destiny than to export a few hundred bushels of wheat and flour to England. Canadian home manufactures must be encouraged, and efforts made to obtain free trade with the United States.
Members of the Congress: The United States did not rise to greatness by waiting for others to lead. This Nation is the world's foremost manufacturer, farmer, banker, consumer, and exporter. The Common Market is moving ahead at an economic growth rate twice ours. The Communist economic offensive is under way. The opportunity is ours the initiative is up to us and I believe that 1962 is the time.
The average American exporter, on the other hand, has always assumed that the foreign customer had to take what was given to him. For this reason we have failed in South America and for this reason we will fail in France unless we change our methods. Knowledge is selling power. We must be prepared to give the French long credits, and if necessary, finance French enterprises.
We've worked hard to tear down trade barriers abroad so that we can create good jobs at home. I'm proud to say that today America is once again the most competitive nation and the No. 1 exporter in the world.
This profit must be all to the account of the British exporter; for it is not received by the colonial custom-house, and whatever the reduction of prices by excess of competition, it is clear prices would be still more deranged by the introduction of another element of competition in more cheaply produced foreign products at only equal rates of duty.
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