ARGENTINE RESENTFUL

Evening Post, Volume CXXVII, Issue 40, 17 February 1939, Page 9

ARGENTINE RESENTFUL

U.S. TRADE. POLICY

REPRISALS, INDICATED

WASHINGTON, February 15.

What is interpreted as evidence of Argentine resentment at the'failure'of the United States of "America to negotiate a reciprocal trade treaty, and the continuation ,by the United Spates of a quarantine which prevents the entry of Argentine beef into the United States, is seen in an announcement by the Argentine Finance Ministry that imports from the United States will be increasingly curtailed in order to reduce Argentina's adverse trade balance with the United States.

This step, along with the recent exchange restrictions in favour of Britain, is expected to result in a serious reduction in American sales to Argentina.

Further light on the situation existing between the twd countries is shed in a paid advertisement appearing in a Buenos' Aires newspaper under the signature of the Minister of Finance, pointing out that Argentina is dedicatfed to a policy of bilateral trade. treaties and cannot, therefore, accept the United States proposal for a trade treaty of a multilateral most-favoured nation type.

The advertisement also spates that Ai^ntina will buy from the United States or any other country goods equivalent to their purchases in Argentina, minus the amount necessary to meet debt payments to each country.