As contradistinguished from the theory of protection, England has realized freedom of trade by taxing only that class of imports which meet no competition in home production, thus excluding all pretense of favor or advantage to any of her domestic industries.
James Blaine: “As contradistinguished from the theory of protection, England has realized freedom of trade by taxing only that class of…”
Editor's note · Context
Blaine contrasts England's approach to trade with the theory of protection, highlighting its selective taxation policy.
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