TARIFF BARRIERS.
UNITED STATES BLAMED. INDUSTRIAL LEADERS DEMAND ACTION. (tIKIIEB PRESS ASSOCIATION —3T ELECTBIC TELEGRAPH-—COPYRIGHT.) (Received May 28th, 7 p.m.) NEW YORK, May 27. Tariff barriers must come down if the world is to emerge from, the present industrial depression, prominent American industrial leaders declared yesterday at the opening of tho convention of the National Foreign Trade Council. A demand was made that as a step in the direction of international recovery the United States should lead the way at the special session of Congress to effect a 25 per cent, horizontal tariff cut on all ad valorem rates and a 50 per cent, reduction in all the specific rates of duty. It was alleged that the United. States had been guilty of initiating "the greatest world-wide • tariff war in history." Among the most prominent figures in the industrial and financial world who attacked tho "barriers against foreign trade" were Mr Thomas Lamont, of Morgan and Company, and Mr James Farrell, president of tho United States Steel Corporation.
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Press, Volume LXVII, Issue 20249, 29 May 1931, Page 11
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168TARIFF BARRIERS. Press, Volume LXVII, Issue 20249, 29 May 1931, Page 11
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