Representative Emanuel Celler today asked Secretary of the Treasury Henry Morgenthau Jr. whether the Tariff Act’s countervailing duties had been waived in the interest of German barter deals, making it possible for American exporters of oil, cotton, copper, wheat and lard to exchange their products for a wide variety of German products which were then sold here below the cost of American-made goods.
“Such barter arrangements,” Mr. Celler said, “run counter to the reciprocal trade agreements and we should pause before entering into barter deals with nations like the Reich, which has on its hands the blood of thousands of innocents, the victims of hate. Germany, in continuous default on sovereign indebtedness to American bondholders, should not be encouraged and repaid by barter arrangements.
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