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No Trade Pacts Until Passage of Tariff Bill

April 11, 1934
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The United States Will not entor into any trade agreement with a foreign country until after the passage of the tariff bill recently passed by the House and now pending tariff measure it is proposed to give the President broad powers in furthering this country’s foreign trade.

Germany, it was revealed at the State Department, is very anxious to enter into a trade agreement with the United States. Fifteen other countries are in the same position.

Acceding to State Department officials, Germany will not be privileged with a separate or special trade pact. She will have to wait her turn, along with the other countries who are angling for trade agreements with the United States.

While the tariff legislation is pending enactment, the United States intends to adhere to the “most favored-nation policy.” In negotiating trade pacts, the United States intends to confine its bargaining with each nation to the commodities of which the particularities is the chief source of supply.

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