Transcript of Radio Debate on East-West Trade Between George W. Malone, U.S. Senator from Nevada and Robert N. Golding, Special Assistant for East-West Trade Affairs, Economic Cooperation Administration

Extracted text

OCR Page 1 of 9
way 1951 TRANSCRIPT OF RADIO DEBATE on EAST - WBST FRADE BETWEEN George W. Malone, U.S. Senntor from Nevada (Republican) and Robert M. Golding, Special Assistant for East-West Trade Affairs, EGA PART I Campbell From the Nation's Capital, the Liberty Broadcasting Systen presents transcribed Public Hearing on Hast-liest Trade. This is George Campbell, Liberty's Washington Correspondent. Participating in this discussion of the complex problems involved in our trade with the other countries of the world are two experts on that subject, the distinguished Republican Senator from Nevada, George W. Malone, and Mr. Robert Golding, Special Assistant for East-West Trade Affairs of the Economic Cooperation Administration. To begin our discussion let's consider the mitter of our trade in the light of the present world situation. We're at war in North Kores fight- ing with that country and with Communist China and indirectly all of the Soviet dominated countries. Now, the question is, to what degree should we curtail our trade with these countries which we are actually fighting and with those who are aligned with them? Here we have a. trenenious weapon but how that veapon should be used has been the subject of considerable controversy. This veek Congress voted unanimously to shut off further American economic or financial aid to any nation permitting exports of var materials to Russin., Red Chins or other Iron Curtain countries. The amendment was originally offered by Senator Jnmes Kem, and to begin our discussion, Mr. Golding, I vould like to get your vieus on that Amendment, and its effectiveness. Golding Well, the Amendment, of course, is designed to protect our national security. Now, that's the purpose of it and nobody has ever disagreed with that purpose. However, when we come to the means and the method employed, there can be a vide difference of opinion. First of all, I think it would be constructive to find out just exactly what the area of disagreement really is. There has been a great denl of rather loose talk about strategic weapons and strategic materials and var potentials. llow, for over two years anyway, arms, ammunition and such articles as tanks, sirplanes, submarines, and other important pieces of military material have been embargoed by practically nearly every country in the vorld. That is, of course, the Satelites. Now that can be eliminated.