611.3531/143
Memorandum by the Acting Secretary of State
The Argentine Ambassador came in to discuss the prospects of a reciprocal trade agreement between the Argentine and the United States. He supposed that, now that any such agreement had to go [Page 644] to the Senate for confirmation, there is very little chance of accomplishment. I said that, under the present conditions, it was of course necessary to confine any such negotiations to those countries which could reciprocate without upsetting the American production, which, in other words, would meet with no hostility from the Senate. I thought that we should probably find two or three countries with which we could negotiate along these lines during the summer. I said that so far as the Argentine was concerned, it seemed unlikely that we could undertake negotiations this summer at least.