National Affairs: Coal & Canada

TAXTATION

The Revenue Act of 1932 imposed an import tax (tariff) of 10¢ per cwt. on coal, except from countries against which the U. S. had a favorable trade balance on that commodity. As the U. S. exports more coal to Canada than Canada sends to the U. S., the Dominion was automatically exempt from this tax provision. Last summer importers of British and German coal asked the U. S. to suspend the tax on their shipments. Reason: Britain and Germany have treaties with the U. S. promising them the same commercial treatment in...

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