Word: tariff
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...loose. She cannot devaluate her money further without risking violent insurrection from hard-bitten French investors, who have already seen 80% of their savings swept away in the inflation and demonetization of the franc in 1924-28. And France has few bargains to offer foreign countries in tariff trading. Most of her exports are luxuries, the last thing that most governments will reduce tariffs on. The average opinion of French businessmen last week was that unless the three principal currencies-dollar, pound and franc-reach de facto stabilization not after but before the London Conference opens, there is little point...
Practical Cubans looked not to the rebels in the hills for deliverance but to Havana where U. S. Ambassador Sumner Welles was calmly talking business. They wanted him to promise a lower U. S. tariff on sugar, and a U. S. guarantee to buy 2,000,000 tons a year. In exchange Cuba would lower tariffs on U. S. imports. Keeping in touch with the U. S. State Department by telephone, Mr. Welles steered wide on the subject of U. S. intervention. His calmness disarmed Cuba's Secretary of State Orestes Ferrara who suddenly bubbled over that...
Died. Porter James McCumber, 75, longtime (1899-1922) U. S. Senator from North Dakota, co-author (with Michigan's Representative Joseph Warren Fordney) in 1922 of the famed Republican Fordney-McCumber Tariff Bill; after a stroke; in Washington...
...very bright lexicon of diplomacy, few phrases are more useful than "in principle." Last week after a fortnight of preliminary bickering, seven nations- Great Britain, France, Germany, Italy, Belgium, Norway, Japan-accepted "in principle" the tariff truce proposed by President Roosevelt, and signed an agreement to that effect. Its second sentence...
Such as it was however, the agreement was signed. As Chairman of the Economic Conference white-crested James Ramsay MacDonald sent invitations, to the other 58 nations invited to the conference to sign the tariff truce...