TARIFF CUTS TALKS
U.S. SUBMITS NEW PLAN BARGAINING WITH EMPIRE (10 a.m.) LONDON, Sept. 26. The United States Assistant Secretary of State, Mr. William Clayton, met Sir Stafford Cripps, President of the Board of Trade, and continued discussions about the impasse at Geneva in the talks between the United States and Commonwealth delegations on tariffs and Imperial preferences. The Board of Trade spokesman said the talks were “inconclusive.” Official sources said the British Cabinet considered a new American plan for overcoming the deadlock in the negotiations, but neither accepted nor rejected the proposals. It is believed that the United States proposed that. Britain and America should equate the reduction in preferences and tariffs over a period of 20 to 25 years. The Commonwealth should retain its present preferences for the next five years, but reductions should be progressively hastened after that. Mr. Clayton is due to leave for tho United States tomorrow.
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Bibliographic details
Gisborne Herald, Volume LXXIV, Issue 22445, 27 September 1947, Page 7
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152TARIFF CUTS TALKS Gisborne Herald, Volume LXXIV, Issue 22445, 27 September 1947, Page 7
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