OCR Text |
Show MOVESFORREPRISAL AGAINST TARIFF .MEASURE , , Argentina Take First Step in Resenting American Protective Bill BY JAMES I. MILLER. United Press Stsff Correspondent. BUKNFJS AIRES, Feb. I Argentina has tlken its first step In reprlaal against the proposed American restrictive restric-tive tarriff bill. At the same time Its proponent. Deputy Saccone, forerasts what may be In effect a worldwlrie tariff war. Saocone's measure which could be introduced immediately upon reopening of the Argentine congress. May 1, should the Kordney (arlff be passed in the l!nlted fitatea provides for a 40 per cent tariff on Importation of Roods from all countries which have Increased In-creased or created import duties on Argentine products. OBLIGED TO RETALIATE. "In view of th new American tariff bill, which is prohibitive, and because f the prospects of similar tariff measures meas-ures being enacted in other countries, particularly Europe, we are obliged to a1 present this measure in order to de- Intermillnn-il .Trhlnp and foreign trade,'' Faccone said in An interview in-terview with the ITnited ITess today. Saccone cited the restriction " In American credits and demand for payment pay-ment of the 150.000.000 loan to Argentina Argen-tina under the most unfavorable exchange. ex-change. He emphasized that this, coupled with the prohibition upon rx- poit of gold from Argentina makes export of goods the sole possibility for ' equalizing the economic situation. "If it Is Impossible to export goods. Importation from the United States i must be restricted to enable us to es-.' es-.' tablish a balance," the deputy de-t de-t clured. (Shortly after introduction of the j Fordney bill, D. I-. Summers, engineer Sn4 former chairman of th Kuropen d.Oslon of the war Industries board, I anTl Professor Kdwln A. Seligman, dean j . of the economics department of Colum-i Colum-i bia university, forecast the aetlon threatened by Argentina. They also t looked for a general "tariff war.") |