Document NEYy21K8ZRBm5bZdO1a2YoVyQ
234 Hamilton Ave.
tom $T)A 8-7802
NEW YORK, Oct. 7 (/P) --
Another oversea.'; assault on
American price levels and our
home market Is ready to roll.
The pacts to be published Monday will be hailed by some as one step toward freeing the world's trade lanes of the
yet been tested but Is so vlbrn literally be-flut on the aid of i
And this time It may work.
roadblocks of quotas, restric
pUfipOSE ENAlj
HollywoiTariff-slicing pacts between tions and high duties that
San Dietthis country and 32 others, who have been plied up since be
among themselves do 80 per cent fore the war. You will be re
of the world's trade, are due to be signed Monday. American duties on a few hundred com modities and manufactured pro ducts will come tumbling.
minded that If the United States can help others sell goods here to pay for the things they get from us, we may be able to get them off the American taxpayers' neck.
rtouuYwocv
Hollywood St a
at home Jonlr Pacific Cnftst-1 Cup-playoff sc Diego Padres.
Prices on Imported products you buy or would like to buy may drop. For example, we levy a tariff of up to either 37'y cents n pound or 25 per cent of value on Imported
But there will doubtless be Willard Ran
complaints, too, from American Stars to a 6 to
manufacturers who fear the San Diego, the'
pinch of foreign competition and games played
from high tariff advocates In the best-out-o
congress.
be played her.
woolen fabrics. Tills tariff may Onwhat specific goods duties Hollywood t
be rut. If It Is, the duty stash are to be cut this time will nol the fifth and
plus the cheapening of the he known until the pacts are The pennant
Rritlsh money should make released In Washington. But In on losing pltrl
their woolen fabrics cost less foreign trade circles here the three runs In 1
In the United Slates. American guessing Is that the cuts will av Ocnovcse
woolen mills doubtless won't erage 25 per cent, and that on doubled In h
like that.
some Items the tariff slashes Singles 'by H
We levy tariffs for a number'"'!1'
bo,ow lhc "Peril points' Chuck Steven:
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of reasons: To . get money for whlrh ingress removed Just two two. Hnndley i
our treasury, ly to keep
but liiOrc frequent foreign producers
weeks ago pressure
under
administration
doubled to pro the fifth. Ram
from undcrsrolng our own Dairy products, fruits and furs hits.
manufacturers nnd driving them out of business. .Sometimes we
are mentioned as likely to lower than the president
be cut would
Orestes Mini run homer for
havs put the tariff so high that have been permitted to, had the
other countries eannot sell here peril point provision of last
at all. Howdver, since 1034 have cut our tariff wall, on
we the
year's jment
reciprocal trade ngreelaw been retained. This
average, In half. But some Hems required that congress must ap
Twenty-tlm adult pedestrli accidents had lng.
are still taxed high.
prove any tariff cuts low enough
INSUtFor example, the French con to "imperil" the domestic mar
tend they have 200 products for ket' for American goods. Pacts
sale on which we have tariffs of about to be announced do not
40 per rent or more! T|iey. cite have to be approved by congress.
one, clgaret lighters, against Other Items believed to be
which we place an Import tax due for tariff cuts are tex
ranging up to 110 per cent of tiles, wood products, leather the original value. Naturally, goods, hardware, table utensils,
Vb
when that .tariff Is paid, the and a variety of food and bev
price of the French lightef- In our erage products, such as cor
stores is very high.
dials, rum, molasses, jellies
S1 x months ago American and jams.
officials and those of 32 other In return for these concessions
countries sat down in the by the United States, other coun
French-Alps town of Annecy and tries are . supposed to cut their began to bargain. We said we'd duties against" sgme of our in
cut some tariffs on their goods dustrial machinery, chemicals,
If they cut some on ours. The office supplies, trucks, and farm
trade agreements that grew out ing Implements.
133
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