On July 3 sensational changes in China's tariff schedules were made by order of Generalissimo Chiang Kai-Shek. These changes were Japan's price for not seizing Peiping. The new tariffs upped rates sharply against the leading exports to China from the U. S., Britain and Russia, at the same time cutting rates on the chief exports to China from Japan. To keep all this as quiet as possible, Chinese censors were ordered to obstruct and discourage white correspondents in their cabling of the story.
Chiang's tariff concussions go even further than to give...
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