AMERICA'S TARIFFS.

New Zealand Herald, Volume LVII, Issue 17651, 11 December 1920, Page 9

AMERICA'S TARIFFS.

HIGHER BARRIERS URGED. WOOLGROWERS IN PANIC. Australian arid NZ. Cobla Association (Reca. 1.5 a..m.) NEW YORK, Dec. 10. Woolgrowers and manufacturers appeared before Congressional committees and asked that an embargo be declared against- the importation of wool and sheep until the tariff can be revised to give American herders adequate protection. A representative of the National Woolgrowers' Association pointed out that woolgrowers were being ruined by the importation of wool and meats, and that unless something were done immediately Western herders would be universally bankrupt. He added that 996,000,0001b. of wool, enough for two years' supply, was now stored in the United States, and the Argentine wool of certain lower grades was selling in the United states for less than American growers could market their product. He estimated that 95 per cent, of the present year's American clip would not be sold.

Other woollen merchants pointed out that foreign wool and meat products "were being dumped into the American markets as a result of the depreciated foreign exchanges, which made the operation profitable. . They suggested that the tariff should be revised to take into consideTation the new exchange situation. Manufacturers of cutlery also appearing before the committees declared that Germany was virtually driving out American cutlery from the American markets, and that while factories in the United States were virtually at a standstill, German products were, selling below the American manufacturing cost.