THE MIDDLE PATH
AMERICA'S TRADE POLICY Press Association—By Telegraph—Copyright QUEBEC, August 28. The United States Secretary of Agriculture (Mr H. A. Wallace), addressing 400 agricultural and economic experts from 19 countries who have assembled here, asked for the formulation of set principles designed to assure the farming classes a fair share of the world’s income. He condemned the programmes of price fixing and export subsidies, which, when carried to extremes, defeated their own purposes. He defended, however, limited temporary programmes under exceptional, compelling circumstances. Mr Wallace praised reciprocal trade programmes, saying that these would produce a 10 to 15 per cent, reduction in the duties paid on manufactured goods. He opposed the financing of exports of agricultural products by means of large foreign loans. Mr Wallace said the United State* was following the middle path rather than a policy of isolation.
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Evening Star, Issue 23048, 29 August 1938, Page 9
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141THE MIDDLE PATH Evening Star, Issue 23048, 29 August 1938, Page 9
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