AMERICAN TARIFF.
PROVISION FOR RETALIATION
Press Assti — By telegraph — Copyright, LONDON; yesterday.
: The Finance Committee's substitute ior, the maximum and minimum provisions of the Payne Tariff Bill reported in the Senate provides for the application as from April Ist,. /1910, against any country discriminating against : United States prodiicts, of, a maximum tariff consisting of an additional. 25 per cent, ad valorem on all rates in .the Senate Bill.
The committee also recommended that iii the cases of countries' to which ■the- maximum rates are, applicable fher,e ( shall be a duty of 10 cents per lb on tea and 5 cents per. lb on coffee.
The committee also recommendedthat in the cases of countries ■ to i which th*e maximum rates are applic- j able there shall be a duty of 10 cents j per lb on tea and 5 cents per lb on coffee.
The^President may, in the event of there being no discrimination, grant the minimum rates to the whole of a foreign country, or exclude its dependencies or 1 colonies. Thus, according to the newspapers', the maximum may become applicable to any foreign country or colony which \ adopts and enforces tariff ' legislation ■ against the United States.
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Bibliographic details
Bush Advocate, Volume XXI, Issue 256, 3 May 1909, Page 5
Word Count
197AMERICAN TARIFF. Bush Advocate, Volume XXI, Issue 256, 3 May 1909, Page 5
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