The Acting Secretary of State to the Minister in Honduras (Lay)
41. Your telegram 65, August 16, 6 p.m. Reductions in duties which the United States might agree to make in an agreement with Honduras would apply equally to all countries except Cuba, with which the United States has a special treaty relationship under which the percentage of preference accorded to Cuban products must be maintained. The United States would perceive no objection, therefore, if concessions by Honduras to the United States should be generalized to other countries. Such general reduction would be consonant [Page 376]with our policy, which is to seek an increase in the total volume of international trade, rather than the diversion of such trade.