President Roosevelt believes that continued military aggression by Germany, Italy and Japan is bringing the United States closer to the time when she must readjust her economic policies or face a loss of her world markets and shipping business, sources close to the White House revealed last night.
The President was said to regard the barter trade system as one of the major threats which may force the United States to alter radically her present trade policies. The President now sees the following alternatives it was said:—1, Erect a trade wall through hish tariffs and attempt to live entirely within it.
2. Lower the American standard of living and attempt to compete with the Subsidize exports of American dictatorships. goods.
No indication was given as to which alternative the President favours, nor was it indicated that he has yet actually reached a decision as to the most effective remedy—United Press.
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