AMERICAN TRADE
PACT WITH SOVIET
DUTIES ON GERMAN GOODS
(Received July 13, 9 a.m.)
WASHINGTON, July 11
Two important international trade developments were announced by the Federal Government today.
The imposition is beginning tomorrow of countervailing duties against Germany, whereby extra imposts of from 22J to 56 per cent, will be collected on certain goods in order to compensate for bounties which the German Government is granting the exporters of these articles.
The trade pact with Soviet Russia has been renewed for another year. Under this the Soviet undertakes to purchase a minimum of 30,000,000 dollars' worth of American goods and in return receives the benefits of the most-favoured-nations clause." The Soviet in 1935 purchased 37,000,000 dollars' worth.
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Bibliographic details
Evening Post, Issue 11, 13 July 1936, Page 9
Word Count
118AMERICAN TRADE Evening Post, Issue 11, 13 July 1936, Page 9
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