Page:The New Protectionism.djvu/73

This page needs to be proofread.
THE TANGLES OF A TARIFF
49

tures upon a better or cheaper basis than ours, and would out-compete our merchants in the South American or China trade.

The following list of chief staple imports from Germany into the United Kingdom in 1913 will show to what a large extent that trade consisted of goods which were raw materials or instruments of production in British manufactures, affecting the cost of production and prices of final commodities.

Staple Imports into United Kingdom from Germany. £ Sugar 10,912,018 Glass and manufactures 1,298,384 Cottons and yarns 7,540,867 Woollens and yarns 2,592,925 Iron and steel and manufactures 7,524,533 Machinery 2,384,142 Toys 1,183,703

Since there is no primâ facie reason for believing that Germans gained more by selling us these goods than we from buying goods which we presumably found better or cheaper than we could get elsewhere, why is the stoppage of this trade likely to injure

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.