PREFERENCES AND TARIFFS
NEW U.S. PROPOSALS TO BRITAIN
“ INCONCLUSIVE ” TALKS IN LONDON (Rec. 8 p.m.) LONDON, Sept. 25. The United States Assistant Secretary of State (Mr William Clayton) met the president of the Board of Trade- (Sir Stafford Cripps) to-day and continued the discussions about the impasse at Geneva in the talks between the United States and British Commonwealth delegations on tariffs and Imperial preferences. A Board of Trade spokesman said that the talks were “inconclusive.” Officials sources said that the British Cabinet had considered a new American plan for overcoming the deadlock in the negotiations, but had neither accepted nor rejected the proposals. It is believed that the United States proposes that Britain and America should equate their reduction of preferences and tariffs over a period of 20 to 25 years. The British Commonwealth would retain its present preferences for the next five years, but reductions would be progressively hastened after that.
Mr Clayton is due to leave for the United States to-morrow.
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Press, Volume LXXXIII, Issue 25300, 27 September 1947, Page 9
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164PREFERENCES AND TARIFFS Press, Volume LXXXIII, Issue 25300, 27 September 1947, Page 9
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