NEW CANADIAN TARIFF.
EFFECT ON AMERICA. DETRIMENT TO EXPORTS. (Received Juno 3, 7.15 p.m.) WASHINGTON, Juno 2. The Canadian tariff increases brought political reverberations to-day, but administrative circles declined to mako any official comment. Democrat and Republican members of the Senate made statements expressing their varying views. Mr. Reed Smoot, joint author of the Hawlcv-Smoofc Tariff Act, said the Canadian action was not retaliation against tho Hawley-Smoot Act. Mr. T. W. Harrison (Democrat), who was on the Finance Commiiteo which helped to frame the 1930 Tariff Act, said Canada's action would further affect legitimate American industry. Mr. R. M. La Follette (Republican Progressive) joined Mr. Harrison in calling Canada's action a reprisal against the United States tariff wall.
Mr. James Couzcns (Republican) described the Canadian increases as an effort to aid her farmers, and not retaliation. Canada's action would contribute to tho already alarming decrease in American exports. The Commerce Department's figures show that about one-fourth of last year's exports to Canada, which valued at about £140,000,000, will be affected by the new duties. The greatest effect at the higher levies will be felt by coal, steel, motor-cars and oranges.
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New Zealand Herald, Volume LXVIII, Issue 20890, 4 June 1931, Page 9
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190NEW CANADIAN TARIFF. New Zealand Herald, Volume LXVIII, Issue 20890, 4 June 1931, Page 9
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