Reich Exports Here Up 1% Other Nations’ Rose 22%
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Reich Exports Here Up 1% Other Nations’ Rose 22%

American imports from Germany increased one per cent in the first nine months of 1936 over the same period in 1935 in comparison with a 22 per cent rise in imports from all European countries, the Joint Boycott Council said today.

A joint statement by Dr. Joseph Tenenbaum, chairman, and B. C. Vladeck, co-chairman of the council, said Germany’s increase was influenced by surplus orders placed before July to evade the new countervailing duties and increased subsidies to Reich exporters.

The statement added that the devaluation of currencies of the great European powers, when it becomes felt by the Reich, will mean an approximate rise of 40 per cent in the prices of her goods, which will have on adverse her exports.

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