LESSON FOR U.S.

Rotorua Morning Post, Volume 1, Issue 167, 8 March 1932, Page 2

LESSON FOR U.S.

MARKED IMPROVEMENT IN BRITISH TRADE. AMERICAN INTEREST WASHINGTON, Monday. Tlie United States Department of Commerce is paying attention in unusual detail to all phases of British business, and to matters relating to Australian and Canadian trade. Early reports. received here belittled th-e beneficial results of the ehanged British curreney. Latest official reports from the Commercial Attache in London, however, concede that British trade- has remained remarkably steady, not withstanding the general contraction of world trade, -and in emphatic eontradistinction to the f ate of American trade, which is rapidly f alling. - American politicians look forward to this year's Imperial Conference with feelings which seem to be inspired wholly by political prejudice. If they are Democrats, they roundly deelare that the British Empire is in for a period of tariff reprisals against the Smoot-Hawley Tariff Act. Republicans as strongly contend that the prospeetive British economic programme „ includes no retaliation, but is soundly based on the commendable business aspirations of the British people. What is most eonspicuous in this connection is tbe uniformity of public expressions in relation to the-right of England, Canada, and Aitstralia to do just what they, are planning, with the general attitude that a more prosperous British Empire will contribute to larger American trade in spite of present or contemplated tariffs. —