Word: tariff
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...outcome of these election will undoubtedly prove to be a strong Conservative policy. Already Washington is fearing a rise in tariff, and a strong centralization of Empire trade. Active interests will be taken against Ghandi in India. Out of all this change, however, British industry and employment will benefit, since a policy of American capital in England is favored...
...Britons heard him say, "There is more actual privation through unemployment in one American city than in the whole of Britain! . . . Spectre of bankruptcy stalking through . . . America. . . . 2,000 banks have crashed!" Most of these U. S. catastrophes Free Trader Lloyd George blamed on the U. S. Republican tariff, exhorted Britons to vote Free Trade (i. e. for the small wing of the Liberal Party still led by Mr. Lloyd George, other Liberals having rallied to support the MacDonald "National Government...
...Tariff walls and Depression have been the obstacles in the way of automobile exports. A clear example is in Australia. The tariff there is practically prohibitive to U. S. makers, but the Depression is so great that few sales could be made even were the cars admitted. During the first seven months new car sales in Australia came to 901 against 2,862 in the same period of 1930, and dealers looked forward to further decreases...
Once before Leader Baldwin went to the polls with a tariff platform, sustained heavy losses (TIME, Dec. 17, 1924), but Conservative Churchill and the entire fighting wing of the party are convinced that British voters (traditionally free traders) see tariffs today as the only cure for depression...
...Randolph Churchill, Hearst reporter,* reported favorably. Manifestoed bumbling Mr. Baldwin, "I believe a great part will be played by those I am proud to lead." Cautiously Leader Baldwin pledged the Conservative Party to reduce imports and increase exports, adding this daring (for him) statement: "In my view a tariff is the quickest and most effective weapon ... to reduce imports...