Movement for Lowering of Obstructions to Trade
Tarrif Interference with War Debt and Reparation Payments
The Final provision of the tariff bill passed by the House of Representatives January 9, 1932, and now under consideration by the Senate Finance Committee, requests the President to initiate a movement for a “permanent international economic conference” with a view to lowering excessive tariff duties and promoting friendly trade relations between nations. A section of the original bill, which was eliminated by the House Ways and Means Committee but which, it is believed, will be restored in the Senate, requested the President to negotiate reciprocal trade agreements with foreign countries under a policy of mutual tariff concessions.
Substantial alteration of the flexible tariff system would be effected by the pending bill. ...