Word: tariff
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...campaign promises can be taken to have any save an opportunist meaning, the Democratic victory of November 8 should presage a downward revision of tariff rates. With such a possibility in mind, Dr. Benjamin Anderson has stated in the latest issue of the Chase Economic Bulletin that "the great international conference for the reduction of tariffs which the new administration is expected to call is going to work a radical change in this whole American picture, and the whole world picture." An equitable balance of trade has always been the basis of satisfactory commercial relations, and, according to Dr. Anderson...
...this country in no way produces more than it can consume when production in every branch of industry is roughly proportional to the needs of the community. Under present conditions of heedless individual overproduction, however, a foreign market is necessary to restore the balance. Yet despite this fact, exorbitant tariff rates were passed in 1922 and 1930, with the result that in order for Europe to buy American goods, there have been a series of increasing foreign loans. Now that these loans have ecased trade is at a standstill, and while the tariffs remain, Europe cannot expert enough to establish...
...debt question is entangled with other economic problems. Reduction has been suggested in return for trade concessions, and this again raises the tariff dispute. A settlement should be reached before the World Economic Conference assembles. In contrast to Mr. Roosevelt's plan, President Hoover has suggested a War Debt Commission that may identical with American delegation to the Conference. Some such centrality of control seems to be the wisest way out. But wether these matters are settled whole or piecemeal, the most pressing decision had better be made soon...
...Hero of the Corridor to Poles last week, the President-elect was expected to do everything from letting down U. S. tariff bars in favor of Polish goods to recognizing the Soviet Government? with which Poland has recently signed a friendly pact of nonaggression...
Less skeptical than Europeans, delighted Latin Americans seemed to expect prompt and sweeping tariff abatements as the first card in the new deal. Only President in the world actually to speak out on the U. S. election was Chile's Acting President Abraham Oyanedel. "The program of the Democrats," he cried, "is in exact alignment with Chilean aspirations! . . . A mutual reduction of tariff barriers is of transcendental importance...