Page:The New Protectionism.djvu/97

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CHAPTER VI

HOW TO MEET TRADE AGGRESSION

Many who reject the idea of a general tariff in this country, either for national defence or as part of a future economic war, are quite rightly disposed to consider whether steps should not be taken to prevent certain articles and processes, which are important for war purposes or for the maintenance of vital industries in this country, from passing under foreign control.

Those who apprehend an aggressive policy in the future in trade and finance on the part of our present enemies mean two different things. Sometimes they mean that these States, by subsidies and other public aids, will set themselves to establish and to foster certain industries and branches of trade abroad, in order to have a monopoly, or a

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