BAR TO TRADE PLANS

Greymouth Evening Star, 16 September 1946, Page 5

BAR TO TRADE PLANS

FOREIGN COUNTRIES’ TARIFF POLICIES PROTECTION OF INDUSW (Rec. 10.50 a.m.) WASHINGTON, Sept. 15. Government ..officials disclosed that the high tariff policies advocated in a number of foreign countries are complicating United States plans to lower the pre-war trade barriers throughout the world. Several nations have made it plain that, while favouring the United States approach to the problem, they feel the need for high protective tariffs on new industries. American officials declined to identify these nations, but the American Press says it is known that Brazil, Mexico, Chile, India and Australia have industrialisation programmes. Some foreign countries, pointing out the high tariff history of the United States, say America is seeking to prevent their providing the same governmental aid. United States officials, denying such a motive, have drawn attention to America’s more recent record in providing financial and technical assistance abroad. The American Government has emphasised to the objecting nations that it ■ realises their new industries will need protection, but has suggested that they consider the possibility of temporary subsidies. The United States may and will help poorer nations with export and import bank loans, or by backing their applications to the world bank. American trade authorities consider some sort of international arrangement, permitting the use of Government subsidies, can be worked out when the question is examined at the world trade conference in 1947.