Principle: A government should reduce taxes on imports if doing so would financially benefit many consumers in its domestic economy. There is a notable exception, however: it should never reduce import taxes if one or more of its domestic industries would be significantly harmed by the added competition. Conclusion: The government should not reduce taxes on textile imports.
The statement 'The added competition produced by any reduction of taxes on imports would significantly harm the domestic textile industry' is from which the conclusion can be properly drawn using the principle.