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"The primary targets of the Hitler tariffs—the Scandinavian countries and the Netherlands—were outraged by the sudden suspension of favored-nation trading status on virtually all agricultural products, as well as on textiles, with tariffs in some cases rising 500 percent. With its livestock essentially banished from the German market, Denmark, for example, was facing substantial losses. Farmers panicked. The Danes and Swedes threatened 'retaliatory measures,' as did the Dutch, who warned the Germans that the countermeasures would be felt as 'palpable blows' to German industrial exports. That proved to be true," writes Timothy W. Ryback. | ||
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