U.S. TRADE

Taranaki Daily News, 5 March 1921, Page 5

U.S. TRADE

TARIFF BILL VETOED.

A BARRIER TO TRADE. WOULD INCREASE LIVING COSTS. By Telegraph.—Press Assn.—Copyright. Received March 5, 12.10 a.m. Washington, March 3. President Wilson has vetoed the Emergency Tariff Bill. In his message vetoeing the Bill he predicted the doom of the party formulating a. tariff increasing the cost of living. The message points out that there is no necessity for a high tariff for agricultural and pastoral products, since the United States itself exports them largely. The message added: “Clearly this is no time to erect a high tariff barrier which would strike a blow at the large successful efforts which our great industries have made to place themselves on an exporting basis. It would also stand in the way of a normal re-adjust-ment of business conditions throughout the world. The United .States has a duty to itself as well as to the world, and can discharge this duty by widening and not contracting its world’s mar-kets.”—'Aus.-N.Z. Cable Assn. Received March 5, 12.10 a.m. Washington, March 4. During the early hours of the morning the House of Representatives sustained President Wilson’s veto of the Emergency Tariff Bill by a vote of 201 to 132 The Bill has therefore definitely failed. The Republicans expected the veto, and it is understood they will discuss with Mr. Harding (President-elect) legislation taking its place.—Aus.-N.Z. Cable A&sn.