AMERICAN TRADE

Dominion, Volume 33, Issue 69, 14 December 1939, Page 9

AMERICAN TRADE

Dispute Over Extension Of Agreements / (Received December 13, 7.5 p.m.) WASHINGTON, December 12. President Roosevelt announces that he will ask Congress in January to extend the Reciprocal Trade Agreements Act, which expires shortly. At present there are 20 agreements effective, three under negotiation (with Argentina, Chile and Uruguay) and two under discussion for revision (with Cuba and Belgium). The Washington correspondent of the "New York Times” satys that undoubtedly the Administration is approaching one of its hardest battles in the face of growing partisan opposition, which will be expressed in Congress by increased Republican forces and probably by the Conservative Democrats. There is" relentless lobbying by the strongest “pressure groups” in the United States. Cattlemen and woolgrowers have already passed resolutions in opposition, and many manufacturers fire expecte to oppose an extension of the present form of trade agreements. Mr. Roosevelt by proclamation has assigned to Mexico a share with other foreign States of 3.8 per cent, of the United States’ oil imports. The new quotas give Venezuela 71.9 per cent, o the total imports, the Netherlands 20.3 per cent, and Colombia 4 per cent. All others share the remainder. TARIFF CHANGE Goods To German Poland WASHINGTON, December 12. The United States has withdrawn the most, favoured nation tariff on imports to German-controlled Poland, the duties on which in future will be similar to those on German goods. it is understood that this constitutes de facto but not de jure recognition of the German control of Poland.