Underwood, Oscar W.
March 1923
Foreign Affairs;3/15/1923, Vol. 1 Issue 3, p25
The article presents the author's opinion on customs tariff as a factor in foreign trade in the United States. Huge imports for consumption are coming in the country and that the tariff of exclusion does not materially affect the result. However, this does not satisfy the equation. The goods coming in to the country from overseas have arrived largely in the shape of raw material or semi-manufactured articles that are not produced in the United States. Where the monopolitic control of the domestic market is not disturbed, foreign goods are allowed to enter, in a number of cases without paying taxes, and to that degree are helpful in adjusting the international balance of trade.


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