Word: tariffers
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...Press paid scant attention. Before he could land in France, however, alert newshawks in Paris were cabling dispatches to their papers that French officials believed Undersecretary Mills was coming on a special mission for President Hoover, that he was to investigate European reactions to the new Hawley-Smoot Tariff Act, and also to close negotiations on the problem of France's double taxation of U. S. subsidiaries doing business there...
...Mystery. Whatever Mr. Mills's mission, France permitted no mystery to envelop her feeling about the new U. S. tariff. Neither did Italy. Neither did England. At a political meeting in Paris, Raymond Poincaré, four times Premier and a party colleague of present Premier Tardieu, flayed the "blind economy and selfish nationalism" of the U. S. He warned: "There is a crisis in the friendship of the two nations which if it is not remedied promptly will grow worse." At Rome the Italian Government upped the duty on automobiles, prime U. S. export, by 167% (see p. 24). In Washington...
...last week. With the air of reporting a modern miracle the Financial News referred to "the bankers' complete volte face." Such a thing has not happened in a generation. It was as though President Hoover and Mr. Morgan should suddenly announce that they favored tearing down the U. S. tariff wall...
...British bankers, led by Midland Bank's famed Reginald M'Kenna, did an exactly opposite thing, came out in favor of building a tariff wall around the Empire. Up to last week, so far as anyone knew, they were Free Traders. Mr. M'Kenna is a Liberal and the Liberal party is pledged to Free Trade. Mr. M'Kenna was Chancellor of the Exchequer in Asquith's Coalition Cabinet (1915-16), a Free Trade affair. True, Mr. M'Kenna was the author of that half-hearted levy on imported products, the "M'Kenna duties," but they were carefully disguised...
Text of Manifesto. As a corollary to the building of a tariff wall around the Empire, Britain's bankers urge abolition of all trade barriers between Empire lands inside the "Great Wall." The manifesto...