Combining for the Import Trade

Archive Report

  • The next general move likely to be attempted with Congressional sanction for assisting foreign trade is protection for combinations of importers. The high price level in the United States, in relation to the low cost of production in Germany and other European countries, has enabled a flood of imports to enter the United States despite the high wall erected by the Fordney tariff. Experience has shown that the domestic prosperity which a high tariff begets tends to defeat itself by bringing the home price level up to a point where foreign goods can pay the tariff and still come in and compete.
  • This was not a factor at the time of the McKinley tariff because the labor unions were not at that time strong enough ...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles