Drastic French Import Restrictions
BARRING FOREIGN MANUFACTURES New York Times Broadcast. PARIS, March 15. Drastic new import restrictions, affecting virtually all countries trading with France, were approved by the Chamber of Deputies to-day shortly after the United States Ambassador, Mr. Walter E. Begg, had protested to the Government against the effect of the fruit embargo on American fruits. The new restrictions were included in the general import tax measure which was incorporated in the 1232 Budget. The measure imposes an ad valorem tax of 2 per cent, on raw materials, 4 per cent, on semi-finished materials, and 6 per cent, on finished products, in addition to existing tariffs. It was believed that the measure would reduce imports heavily by making prices of foreign-made articles prohibitive.
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Manawatu Times, Volume LV, Issue 6809, 16 March 1932, Page 7
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125Drastic French Import Restrictions Manawatu Times, Volume LV, Issue 6809, 16 March 1932, Page 7
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