while imperial expansion is attended by no increase in the value of our trade with our colonies and dependencies, a considerable increase in the value of our trade with foreign nations has taken place. Did space permit, it could be shown that the greatest increase of our foreign trade is with that group of industrial nations whom we regard as our industrial enemies, and whose political enmity we are in danger of arousing by our policy of expansion – France, Germany, Russia, and the United States.
Our import trade with the United States alone is greater