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    "localId": "210023552",
    "label": "Press Release, Truman for Senator State Headquarters",
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    "contentType": "document",
    "title": "Press Release, Truman for Senator State Headquarters",
    "citationUrl": "https://catalog.archives.gov/id/210023552",
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        "President's Secretary's Files (Truman Administration)",
        "Historical Files"
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            "logicalDate": "1934-10-10",
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    "seq": 2,
    "pageIndex": 0,
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    "ocrText": "(2)\n\"Since the passage of the Hawley- Smoot tariff law,economic affairs\nrelating to trade have been in a jangle as between the United States\nand every other civilized power. The tariff law provoked a move for\nnational containment among all peoples. Retaliatory tariff laws, car-\ntels and other measures have been adopted by foreign countries. England\nand other nations have given preferential treatment to products of their\nown dominions. This has injured us severely. Canada formerly was our\nni\nbest sustomer. Our trade with it has dimished sadly.\n\"We have an era of American phants being built abroad, a permonent\nthreat to domestic manuf cturing supremacy, and European establishments\nbeing constructed in the United states. The great industrialists of the\nworld seek to creep under the fences erected as a result of tariff blun-\nders having their inspiration in the Hawley-Smoot tariff l w.\nThe passage of that bill afforded a new high in national stupidity,\nas affectin$ our own economic structure and world polity. It virtúally\ndestroyed the stability of world trade,as related to this cuntry, as\nwell as the balanee of world exchange. It affected deeply the relations\nand understandings between us nd other great nations.\n\" Wide use of the flexible tariff provisions in obtaining agreements\nwith other nations not only will have the desirable effect of increas-\ning American exports of ghop and field surpluses, but also will bring\na great measure of good will between us and the countries with which we\nwrite such compacts.\"\nTruman said that no Congress, with the enlightenment this nation has\ngained in the last fow years of the need of trade comity between all the\noivilized powers, would ever gain bass such a tariff law as the Hawley-\nSmoot measure. It is impossible, he said,for a creditor nation to sell\nabroad while excluding imports nd collect foreign debts. One situat-\n1on is incompatible with the other, he declawdd.\nThe impications of the Hawley-Smoot tariff bill with its certain dis-"
}