German circles expressed dismay today over the action of the Treasury Department in raising duties on various German goods from 22 to 56 per cent to combat Reich discriminatory exchange practices. It was feared in German quarters that most of the Reich’s exports would be shut out of this country since an estimated 30 to 40 per cent of its exports to the United States will be affected.
The action was taken under the anti-bounty clause of the 1930 Tariff Act and will become effective July 11. The articles affected are cameras, china tableware, cotton and rayon gloves, leather gloves, surgical instruments, calf and kid leather, glass tree ornaments, metal-covered paper, thumb tacks and toys, dolls and toy figures. It is expected that this list will be expanded.
Germany had already been deprived of “most-favored-nation” treatment because of her discriminatory practices. Reason for yesterday’s action was given as the necessity to counterbalance subsidies paid by the German Government to encourage exports of its goods.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
