U.S. TRADE.

Taranaki Daily News, 30 March 1921, Page 5

U.S. TRADE.

THE NEW TARIFF. IMPORTANT TO PRODUCERS. PROVISION FOR RECIPROCITY. By Telegraph.—Press Assn.—Copyright. New York, March 28. The Washington correspondent of the New York Times states that the Ways and Means Committee appears likely to include provision for reciprocity in the tariff measure, which will be submitted to a special session of Congress. It is felt that the need for reciprocity is dictated by the fact that the United States is a creditor nation and discrimination favoring debtor nations must be shown in order to continue foreign trade. In the House of Representatives Mr. Longworth, a member of the committee, said this could be effectively accomplished only through separate reciprocal trade agreements. He added, •however, that the United States must maintain the home markets at the same time continuing her commanding position in the world’s markets.—Aus.N.Z. Cable Assn.

PROTECTION FOR THE FARMERS. DOMINION PRODUCE MAY BE SHUT OUT. / No official information has reached New Zealand regarding the tariff amendments that are being discussed in the United States, but the latest information available goes to confirm the statement of an Australian Trade Commissioner, that the legislation vetoed by Mr. Woodrow Wilson will be passed by Congress next month. The position is that the Republican majority in Congress was prevented by. Mr. Wilson, while he was still President, from putting its tariff amendments into operation. But the new President, Mr. Harding, is expected to reverse the decision of his predecessor. The increased duties that are being proposed will be virtually prohibitive, it is expected, as far as meat and dairy produce are concerned. The agricultural interests in the United Stateg have asked for increased and they expect to get it. Wool from Australasia must still be imported into the United States, but the tariff proposals are designed to give an impetus to home production. Representatives of the producers in Congress have claimed that the American farmers ought to be protected from anything like the “dumping” of the accumulated wool that is oeing held in Britain and Australasia. The impending; alterations of the American tariff may have the effect of practically closing the United States market to New Zealand lamb and mutton, but this will not be a particularly serious matter for the producers. The American market has taken some meat in recent years, but has always been spasmodic in it? movements, and recent events have confirmed the impression i held formerly by many leading men in the meat trade that it would be unwise to become dependent on the American demand for the sale of any large part of New Zealand’s meat. At the present time, as the Prime Minister Jias pointed out recently, the London market is being depressed by the sale there of' New Zealand mutton and lamb that was bought originally for American consumption, and was then diverted to the London market, where it is competing with stocks direct from New Zealand.—Dominion.