U.S. CUTS IMPORT DUTIES ON OIL
(Rec 7 p.m.) WASHINGTON, Aug. 29. President Truman announced to-day that the United States would cut the L duties on oil imports by amounts ranging up to 50 per cent. I The tariff concessions were granted in the new trade agreement with Venezuela, from which the United States obtains the bulk of its oil imports. Under the American tariff policy, however, oil duty concessions granted one nation must be applied to all
ethers. Mr Truman told Congress that the United States took this action in return for extensive tariff concessions on American exports to Venezuela.
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Bibliographic details
Press, Volume LXXXVIII, Issue 26824, 1 September 1952, Page 7
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101U.S. CUTS IMPORT DUTIES ON OIL Press, Volume LXXXVIII, Issue 26824, 1 September 1952, Page 7
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