Foreign News: Last Year's Decree

To bite the hand of President Roosevelt, whose Treasury silver purchases from Mexico have alone saved the peso from collapse, was the scarcely brilliant move made last week by President Lazaro Cardenas. Well knowing that Mr. Roosevelt wants lower tariffs all around, that they are the thing dearest to Secretary of State Cordell Hull, President Cardenas blandly raised tariffs on most things Mexico buys from the U. S. by 100 to 200%. On some items he upped them 400%.

Neutral observers in Mexico City judged that President Cardenas and his associates have only just...

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