Summary of Arguments on Protection vs Free Trade

March 1932
Congressional Digest;Mar1932, Vol. 11 Issue 3, p87
It is claimed that proponents of the free trade tend to a static view of the society. Free trade means that exchange between countries shall take place without measures that cause the domestic production of articles which in the absence of restriction would be imported. It does not mean that there shall be no duties and no restrictions. The imposition of revenue duties on articles that would not be made at home even after these duties have been imposed is not inconsistent with the principle of free trade.


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