Show ADJUSTING TARIFFS By CORDELL HULL Secretary of or State I WISH to call your attention particularly to the decline in inthis inthis inthis this current year of our exports to many of oC our best consuming markets In Europe Thus our exports exports exports ex ex- ports to Europe in January and February of this year declined 10 16 per cent In relation to that of oC Jannary Jannary Jan Jan- nary and ond February of ot a n y year ar ago If we place embar embargoes upon our Imports we shall shaJI In the last lust analysis analysis anal annl- ysis witness Inevitably the destruction tion Uon of our export trade Seized with an unreasoning fear whenever n a small smaIl driblet of Imports of or a competitive nature comes over our tariff wall even when under purely temporary or accidental conditions such as for or example the drouth action Is or urged ed which If followed too frequently may lead to retaliation by other countries so that step by step such action may lead straight toward a complete embargo of Imports Import all nU around and ond since one country's Imports are another another an nn other country's exports n a like embargo embargo embargo em em- bargo of exports all aU around |