611.2331/92: Telegram
The Secretary of State to the Ambassador in Peru (Steinhardt)
Washington, March 26, 1938—1
p.m.
12. Your despatch 312, March 11. If you deem it advisable and believe it would strengthen Foreign Minister’s position with President and Finance Minister in trade agreement discussions, you may assure Concha with respect to possible revenue loss through tariff reductions, that this Government would not expect concessions from Peru which would seriously affect customs revenues.
Preliminary analyses indicate our requests of Peru would in a majority of cases probably be for bindings rather than reductions in import charges.
Hull