The boycott against German-made products and services was condemned in a resolution made public yesterday by the Board of Trade for German-American Commerce. The executive committee of the organization, which adopted the resolution a week ago, sent copies to President Roosevelt and other federal officials.
Asserting that the boycott menaces the program of the national recovery administration and will act as a “two-edged sword”, the resolution emphasizes need for harmonious relations between America and Germany. Figures published since the accession of Hitler to power call attention to the increase of exports and imports in Germany.
“Germany is one of the best buyers of raw materials and manufactured products in the United States,” says the resolution. “American investments in Germany which are outstanding are well in excess of $2,000,000â€”the payment of interest and amortization of which may be seriously endangered by an extended decrease in German exports.”