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The New Zealand Railways Magazine, Volume 4, Issue 11 (June 1, 1930)

Tariff, Senate and Elector

Tariff, Senate and Elector.

A good deal of the economic history of the British Empire in 1930 may be written in the United States. Will the new United States tariff be enacted as proposed? If it is, Canada and Argentina will consider retaliation, and the latter's trade concessions to Britain (including tariff reduction on British artificial silk, under the d'Abernon agreement) probably already reflect Argentine dislike of United States high protection, and of its possible further extension. The reaction in Canada to the U.S. tariff may reopen the whole question of extending preference within the Empire, yet some of the Canadians who talk most freely in that strain are also the critics of the treaty under which New Zealand has latterly been sending so much butter to Canada. But the United States tariff is not yet law. Will the Senate and the President stand by reprisal-provoking duties in order to please American protectionists, or will they compromise on the tariff sufficiently to ease the pressure in Canada and Argentina and avert a whole series of consequential results? American legislators operate under the shadow of the election in November next, when every seat in the U.S. House of Representatives, and thirty-two of the ninety-six Senate seats, must be filled.