If there is any action that punishes imports to the North American market and encourages U.S. exports, you have to reflect it in a mirror action to counteract the change of incentives that this would make for activity and investment in Mexico.
Free Trade puts consumers at the centre of economic activity. It lowers the cost of imports, which gives people the opportunity to buy more with the same amount of money: domestic producers have to compete with the lowest global costs or invest in new business.
The working out of a balanced economy throughout Germany to provide the necessary means to pay for approved imports has not been accomplished, although that too is expressly required by the Potsdam Agreement.
Renaming a class at one level is really easy; you just change the name. But how do you change all the references to that class and all the imports?
Simply raising fuel economy standards for passenger cars and light trucks to 33 miles per gallon would eliminate our oil imports from the Persian Gulf.
The E.U. imports more agricultural goods from developing countries around the world than does the U.S., Canada and Japan, combined.
I know that there is a great diversity of opinion as to who, in fact, pays the duties on imports. I do not intend to discuss that point. We of the staple and exporting States have long settled the question for ourselves, almost unanimously, from sad experience.
It is not good to cut exports or imports.
Our course, then, is clear; if we desire to put an end to pauperism, or to lessen it, we should import everything we can use or sell, in order that we may employ our unemployed hands, in making the goods by which we pay for these imports.
Fortunately for England, all her imports are raw materials.
