AMERICAN TARIFF POLICY.

Auckland Star, Volume LX, Issue 164, 13 July 1929, Page 21

AMERICAN TARIFF POLICY.

There is something exceedingly comical in the spectacle of protectionist countries protesting against the United States for applying logically the protectionist panacea for foreign competition. What is the Hawley Tariff Bill if it is not a protectionist specific for "keeping the' money in the country' (whatever that means), for "-employing our own people instead of the foreigner," for enforcing the slogan, "Buy only home-made goods" and making one's country "selfsupporting"? One would think that protectionist countries would welcome the Hawley bill as an example and a guide for themselves and would go on from height to height until the pinnacle of economic welfare was reached simultaneously with the hoisting of the yellow flag of prohibition of all imports. And then, by increasing the size of the home market and enabling commodities to be produced on a large scale, we would see living and production costs reduced in every protected territory below what could be aclrf-v-rl anywhere else. One could understar-i Britain protesting, but certainly not Au;_ or New Zealand. LOGIC.