TRADE AND TARIFFS

Evening Star, Issue 20959, 25 November 1931, Page 9

TRADE AND TARIFFS

PRESIDENT HOOVER’S VIEWS Press Association—By Telegraph—Copyright. WASHINGTON, November 24. (Received November 25, at 11.15 a.m.) Mr Robert Lincoln O’Brien is named as chairman of the Tariff Commission by Mr Hoover, filling the place vacated on November 30 by Mr Henry P. Fletcher. Interest in tariff matters has been great lately, especially in view of the imposition of import levies by Great Britain. It was definitely ascertained to-day that the United States Government was planning no reprisal against the British increases. Mr Hoover has learned that only 1.6 per cent, of United States goods normally imported into Britain will be affected by the British action, which weighs far more heavily upon other countries than upon the United States. The President is convinced by his study of the United States foreign trade, particularly with Britain, that it is less competitive than was generally thought. The increases, he feels, should be considered as n domestic prerogative of Britain, and should not be criticised by the United States.

AMERICA AND BRITAIN

DEVELOPING INTERNAL TRADE

MR THOMAS’S TASK. (British Official Wireless.) RUGBY, November 24. (Received November 25, at noon.) Answering various questions in the House of Commons regarding the methods of developing internal trade, Mr J. H. Thomas said that in his tour through the dominions he would certainly endeavour to find now markets for British goods. Asked if the dominions would lower their tariffs, he said he hoped to bo in a position to offer certain advantages, and the dominions might be expected to reciprocate.

The Prime Minister later said that the question of the development of internal trade was receiving the Government’s consideration. The necessary information was being collected and examined.