Would this explain the
situation? At page 176 of the Trade of Canada I find that the total imports of cotton products from the United Kingdom have been fairly steady from 1922 to 1926, amounting to over $300,000 annually. From the United States, which is the other large country of exports to Canada, our importations have dwindled from 1922 on, having fallen from $1,366,257 to a little over $500,000. It seems that where the imports are steady and competition keeps up, the rate is maintained under the British preference and lowered under the general, where the country from which we have been importing largely has been losing in business. There is a general tendency to balance things in that way.
Subtopic: CUSTOMS TARIFF, 1927, AMENDMENT