TRADE TREATIES.
BRITAIN AND U.S.A. POSITIOX OF WOOL. WASHINGTON, March 17. The National Association of wool manufacturers, testifying at British Treaty hearings, said that Congress intended that only excessive rates should be considered in reciprocal agreements, and since existing wool rates were not excessive they should not be affected in the proposed trade pact. A witness also declared that English now enjoy profitable business in American markets and the lowering of wool rates would benefit Japan, Italy and other low-wage countries instead of England. He added that the American industry was at the mercy of Japan under present rates. Another witness stated that the British treaty negotiations were now causing woollen goods buyers to defer purchases on the possibility of subsequent price reductions.
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Bibliographic details
Auckland Star, Volume LXIX, Issue 66, 19 March 1938, Page 4
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123TRADE TREATIES. Auckland Star, Volume LXIX, Issue 66, 19 March 1938, Page 4
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