TRADE POLICY OF AMERICA

Press, Volume LXXXII, Issue 24982, 17 September 1946, Page 7

TRADE POLICY OF AMERICA

COMPLICATIONS BY HIGH TARIFFS WASHINGTON, September 15. United States Government officials have disclosed that the high tariff policies advocated in a number of foreign countries are complicating United States plans to lower pre-war trade barriers throughout the world. Several nations have made it plain that while favouring the United States approach to the problem they feel the need for high protective tariffs on new industries. American officials declined to identify these nations, but the Associated Press says it is known that Brazil, Mexico, Chile, India, and Australia have industrialisation programmes. Some foreign countries, in pointing, out the high tariff history of the United States, says that America is seeking to prevent them from providing the same governmental aid. United States officials, denying auch a motive, have drawn attention to America’s more recent record in providing financial and technical assistance abroad. The American Government has emphasised to the objecting nations that it realises that their new industries will need protection, but it suggests that they should consider the possibility of temporary subsidies. The United States may an* will help the poorer nations with Export and Import Bank loans or by backing their applications to the World Bank.