U.S. TRADE POLICY.

Manawatu Standard, Volume LIX, Issue 68, 17 February 1939, Page 7

U.S. TRADE POLICY.

ARGENTINIAN REPRISALS. WASHINGTON, Feb 17. What is interpreted as evidence of the Argentine resentment at the United States’s failure to negotiate a reciprocal trade treaty and the continuation by the United States ot a quarantine which prevents the entry of Argentine beef into the United States is seen m 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 LTnited States. This step, along with the recent exchange restrictions in favour ol Britain, is expected seriously to reduce American sales to Argentina. Further light on the situation existing between the two countries is shed in a paid advertisement appearing in a Buenos Aires newspaper under the signature of the Minister or Finance, pointing out that Argentina is dedicated to a policy of bilateral trade treaties and cannot, theretore, accent the United States’s proposa for a trade treaty of a multilateral most-favoured nation type. The advertisement also states tn.it Argentina will buy from the United States or any other country goods equivalent to their purchase in Argentina, minus the amount necessary to meet debt payments to each country.