The Import Dollar

Imports or exports--which create the more employment? Last week, in connection with "Foreign Trade Week," the American Manufacturers Export Association issued a booklet giving a startling answer--Imports. This conclusion was based on findings indicating that the average cost of imported goods landed in the U. S. represents only 30% of their ultimate retail value. The other 70% is spent in the U. S. for customs duties, dock labor, drayage, freight, advertising, and the services of wholesaler and retailer. Even excluding duties, more than one-half the retail price of imported goods is absorbed in moving them from customs house to consumer.

The export dollar represents $1 spent in the U. S., no more--perhaps less, for the goods may go in foreign bottoms prepaid. But for every $1 spent on goods abroad another $2 must be spent internally. And that, said the American Manufacturers Export Association, is a good reason for lower tariffs.

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