Page:The New Protectionism.djvu/62

This page has been proofread, but needs to be validated.
38
THE NEW PROTECTIONISM

from Germany. It would evidently be advantageous to us, and disadvantageous to Germany, for us to exercise a less rigorous exclusion of imports from her allies than from herself.

Indeed, when once business is crossed with politics and military considerations, there seems no limit to the complexities of the tariff discrimination. A special tariff for every foreign country, shifting with each change in the balance of political and commercial considerations, would be the logic of the situation. Some dim perception of these complications has made our New Protectionists so shy of committing themselves to any close formal statement of their proposals, that it is not easy to be certain what they stand for. I find, however, emerging from the voluminous discussions in the Morning Post and the reports of Chambers of Commerce meetings a new fiscal world, which may be visualized in five concentric circles:

This article is issued from Wikisource. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.