The Hemisphere: Defense Against Dumping

Besieged by union and management representatives from its limping textile industry. Canada acted last week to increase tariffs against underpriced fabrics from abroad—mainly the U.S. Revenue Minister James McCann announced in the House of Commons that, under newly adopted customs rules, his office could apply special dumping duties on textiles sold in Canada for less than the "normal price" previously charged by manufacturers in their own countries. This was intended to meet a complaint that U.S. manufacturers sell end-of-season stocks in Canada at cost or less.

For two years, textiles have been a deficit-ridden exception to Canada's general prosperity. The rise in...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!