Presidents -- United States -- Messages; United States -- Politics and government -- Sources
Reciprocity must be treated as the handmaiden of protection. Our first
duty is to see that the protection granted by the tariff in every case
where it is needed is maintained, and that reciprocity be sought for so
far as it can safely be done without injury to our home industries.
Just how far this is must be determined according to the individual
case, remembering always that every application of our tariff policy to
meet our shifting national needs must be conditioned upon the cardinal
fact that the duties must never be reduced below the point that will
cover the difference between the labor cost here and abroad. The
well-being of the wage-worker is a prime consideration of our entire
policy of economic legislation.
Subject to this proviso of the proper protection necessary to our
industrial well-being at home, the principle of reciprocity must
command our hearty support. The phenomenal growth of our export trade
emphasizes the urgency of the need for wider markets and for a liberal
policy in dealing with foreign nations. Whatever is merely petty and
vexatious in the way of trade restrictions should be avoided. The
customers to whom we dispose of our surplus products in the long run,
directly or indirectly, purchase those surplus products by giving us
something in return. Their ability to purchase our products should as
far as possible be secured by so arranging our tariff as to enable us
to take from them those products which we can use without harm to our
own industries and labor, or the use of which will be of marked benefit
to us.
It is most important that we should maintain the high level of our
present prosperity. We have now reached the point in the development of
our interests where we are not only able to supply our own markets but
to produce a constantly growing surplus for which we must find markets
abroad. To secure these markets we can utilize existing duties in any
case where they are no longer needed for the purpose of protection, or
in any case where the article is not produced here and the duty is no
longer necessary for revenue, as giving us something to offer in
exchange for what we ask. The cordial relations with other nations
which are so desirable will naturally be promoted by the course thus
required by our own interests.
The natural line of development for a policy of reciprocity will be in
connection with those of our productions which no longer require all of
the support once needed to establish them upon a sound basis, and with
those others where either because of natural or of economic causes we
are beyond the reach of successful competition.
I ask the attention of the Senate to the reciprocity treaties laid
before it by my predecessor.
Public-domain text, read in full here on John Shaqi.
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