Word: runcimanned
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Dates: during 1930-1939
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Last week Britain retaliated in kind. Led by President Walter Runciman, the Board of Trade put into effect a 20% increase of duty on most French imports. When it was presented to the House of Commons for approval three days later, only a handful of Laborites and Free Traders voted against it. Even monocled Sir Austen Chamberlain, famed as Britain's ablest Francophile, voted for the tariff. More in sorrow than in anger he announced...
Meanwhile in London the House of Commons rang with this declaration by President Walter Runciman of the British Board of Trade: "We are having considerable trouble with Japan as a competitor and so is the whole Western World. It may be necessary for the Western World to stand together in the common economic cause...
Summing up for His Majesty's Government, Trade Board President Runciman cried: "We have found that in some parts of the Empire goods have been imported direct from Japan bearing British names and trademarks. That is a form of dishonesty which any government should do its best to suppress...
When Walter Runciman told the British public that Japanese trade was threatening Empire firms with extinction, he made an announcement of major diplomatic importance. Up till now England and Japan, despite small frictions, such as the invasion of Manchuria, have maintained cordial, gentlemanly relations; they were two empires with but a single thought. Today that situation is changed, drastically. The English fear trade competition, and this insidious snatch at the Empire's purse will hardly promote goodwill. If Japanese underselling continues, British neutrality in the East may fade away; and that, coupled with American recognition of the Soviet Union, should...
...hummed at an announcement by President of the Board of Trade Walter Runciman that His Majesty's Government in Great Britain will withdraw on Dec. 7 from President Roosevelt's once-famed "Tariff Truce" (TIME...