TARIFF RATES
THE PRESIDENT’S- REQUEST MORE BARGAINING POWER (United Press Association.) (By Electric Telegraph—Copyright.) WASHINGTON, March 5. (Received March C, at 0.30 a.m.) The Times says: “The Congress will hardly be'able to refuse President Roosevfelt the new powers asked, since there is no object in increasing the already monstrous vblume of foreigners’ paper debt to America. Some way must be opened for Americans to pay in goods and services, but the range of America’s supplemental products is exceedingly limited. It would seem almost impossible, without encouraging competition from American industries, to increase American imports to an extent which would pay for the huge volume of exports necessary to restore prosperity to the farmer. The President’s bargaining power is so limited that he is unlikely to achieve an immediate spectacular revival of international trade, but it is encouraging to note that he recognises the truth that exports must be paid for by imports.”
The President asked the Congress for authority to modify the tariff rates in negotiating commercial agreements with other nations.
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Bibliographic details
Otago Daily Times, Issue 22204, 6 March 1934, Page 9
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171TARIFF RATES Otago Daily Times, Issue 22204, 6 March 1934, Page 9
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