HIGH TARIFF POLICY
AMERICAN INCREASE OPPOSED NEW TORN, Monday. A statement has been issued by 1,028 prominent economists who are members of the American Economic Association and the representatives of 179 colleges in 46 States urging Congress to reject an increase in tariffs, or Mr. Hoover’s veto if Congress passes the Bill.
“We are convinced that increased restrictive duties would be a mistake,” says the statement. “They would
operate generally to increase prices, thereby encouraging concerns with higher costs to' undertake production This would compel the consumer to subsidise a waste of efficiency in industry.
“The farmers would suffer doubly and the export trade in general would suffer. American manufacturers do not need higher tariffs. Few could hope to gain from such a change.”
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Bibliographic details
Sun (Auckland), Volume IV, Issue 964, 6 May 1930, Page 11
Word Count
124HIGH TARIFF POLICY Sun (Auckland), Volume IV, Issue 964, 6 May 1930, Page 11
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