611.5431/126: Telegram

The Minister in Switzerland (Wilson) to the Secretary of State

7. Stucki2 yesterday implied that serious obstacle to reaching a trade agreement with the United States would be the uncertainty of future value of the dollar. He argued that even though the United States granted tariff concessions such benefits would be modified or canceled by further currency devaluation.

The Department has presumably met this argument before and I should be happy to learn how it has been answered.

Wilson
  1. Walter Stucki, Chief of the Commercial Division of the Swiss Federal Department of Public Economy.