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The Daily Missoulian
Missoula, Missoula County, Montana
What is this article about?
Washington, Dec. 9. Statistics from the bureau of statistics show that the Payne-Aldrich tariff law has doubled trade between the United States and the Philippines in the first 15 months, with imports rising from $11.5 million to $24 1/3 million and exports from $12.5 million to $23.5 million. US merchandise formed 21.6% of Philippine imports in the first quarter, up from 14.8%.
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STATISTICS SHOW THAT THE PAYNE-ALDRICH LAW HAS BEEN EFFECTIVE.
Washington, Dec. 9.—That the Payne-Aldrich tariff law has tended to increase the trade between the United States and the Philippines is exemplified by figures compiled by the bureau of statistics. Permitting an interchange, free of duty, of practically all classes of articles passing between this country and the islands, trade between the United States and the Philippines has practically doubled.
The total value of imports from the islands for the first 15 months under the new law amounted to 24 1/3 millions of dollars against 11½ millions for the 15 months immediately preceding its enactment.
Exports to the island for 15 months since the new tariff has been in effect were valued at 23½ million dollars against 12½ million for the previous 15 months.
Philippines reports for the first quarter of the calendar year show that merchandise from the United States formed 21.6 per cent of the total imports against 14.8 per cent in the corresponding quarter of last year, the figures in each case being exclusive of imports by supply offices of the army, navy and insular and railway entries.
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Domestic News Details
Primary Location
Washington
Event Date
Dec. 9
Outcome
imports from philippines: $24 1/3 million (first 15 months under law) vs. $11 1/2 million (previous 15 months). exports to philippines: $23 1/2 million vs. $12 1/2 million. us merchandise: 21.6% of philippine imports (first quarter) vs. 14.8% last year.
Event Details
The Payne-Aldrich tariff law, permitting free duty interchange of articles between US and Philippines, has doubled trade as per bureau of statistics figures for first 15 months under the law compared to preceding period. Philippines reports show increased US merchandise percentage in imports for first quarter.