Foreign News: Cessation of Competition

While other European statesmen were talking about reprisals against the U. S. tariff last week, Signor Benito Mussolini acted. He signed a Cabinet decree which appeared in the Official Gazette five days later.

Importers of motor cars, who had received absolutely no previous warning, were thunderstruck to read that the Dictator had jumped the Italian duty on their stock in trade more than 100%.

Especially severe in the lowest price brackets, the decree raises the duty on Fords and Chevrolets from $350 to $800. Said dealers: "A prohibitive...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!