Abstract

Editorials
September 4, 1929 issue

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The world's greatest need today is the chance to work and trade; the Economic Conference of the League of Nations in 1927 categorically declared that "the time has come to move in the direction of lower tariffs." Tariff students point out that the proposed U.S. action is likely to make European reductions immensely more difficult, not to say impossible. The exaggerated and aggravated protectionism embodied in the Hawley and Smoot bills is strengthening every nationalistic, imperialistic, and divisive force in the world today. It is evoking ill-feeling and threats of retaliation.

See Also:

INTERNATIONAL trade; INTERNATIONAL cooperation; TARIFF; COMMERCIAL policy; INDIRECT taxation; ECONOMIC policy
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