Word: tariff
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...President Roosevelt's demand for greater authority in handling the tariff situation is granted, it will be definitely a constructive move toward the improvement of tariff difficulties," said Anton De Haas, Professor in the Business School of International Relationships yesterday when interviewed by the CRIMSON. "If we are to restore foreign trade, reestablish normal relations, and collect some of the money the world owes us, it will be necessary to make fundamental changes in the tariff, changes which President Roosevelt intends to produce...
Although a great tariff conference is desired by many as the best means of settling difficulties concerning tariffs, Professor De Haas believes such a meeting would lead to no beneficent results, since problems of different countries are far too varied and complicated to be settled in such a manner...
...plan to recover foreign trade. It was to $9,000,000,000 in 1929 and dropped down to less than $2,000,000,000. This includes both exports and imports. But the development of foreign trade cannot be accomplished in the present state of world currency troubles and tariff restrictions unless there is a consolidation of export and import business under government financing. Hence an export bank has been set up under George Peek, and President Roosevelt has asked Congress for power negotiate reciprocal tariffs...
...Roosevelt is proceeding cautiously to take Mr. Wallace's advice. So those who believe international trade contains the basis for a real business revival in America will be happy at the turn of events. Those businesses which may be affected adversely by tariff reductions are probably not going to be so happy. But, as Mr. Wallace says, some businesses are bound to be injured and the best theory to pursue is to try to attain the maximum good...
President Roosevelt, in a message to Congress, will ask for power to regulate the tariff on the basis of reciprocal agreements with other nations. The immediate importance of this request is whether or not it will cause dissension among the leaders in Congress. The Democratic Party has long favored a reduction of the tariff, and, although their agitation for lower schedules has been on the wane, it is extremely doubtful that any increase would be tolerated. The Senate, moreover, has been rather balky for the last few weeks, and has passed a bill restoring veteran's pensions and salaries...