Word: copper
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Dates: during 1950-1959
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...more serious complaint about the U.S. is American trade barriers. Chile last week was preparing to open sales talks with Russia because new U.S. trade restrictions have squeezed its outlet for copper. To make matters worse, the U.S. Tariff Commission last week recommended higher tariffs on imports of lead and zinc, which several Latin American countries export heavily...
...Trade. In volume, trade with Latin America, the U.S.'s biggest supplier and biggest market, is slightly up. What pinches is a 15% slide in the terms-of-trade index from its 1954 peak. Coffee now brings 53½? per lb., down from 70? in 1954; refined copper trembles at 25? per lb., down from 43? in 1955; lead, zinc, tin, wool, hides, wheat and cocoa have all slipped. But such U.S. exports as cars, machinery and structural steel cost as much or more than ever...
...switch came just as many of Latin America's one-product countries reached peaks of discontent. Item: Chile's President Carlos Ibáñez, already badly upset over the low price of his country's all-important copper, last week canceled his scheduled state visit to President Eisenhower after Secretary of the Interior Fred Seaton proposed to restore the long-suspended U.S. copper tariff...
Improvise & Stabilize. To make up dollar losses, Latin American nations are improvising desperately. Responding to Red smiles, Chile is exporting copper wire to Communist China, and Colombia is considering sending coffee to the U.S.S.R. in hopes that Russians can be lured away from tea. Imports from the U.S. are being cut back. But everywhere the demand is growing for U.S. help, specifically for price floors...
...scandal magazine in a two-fisted attempt to keep a client from being reminded of her days as a dancer at stag smokers. It proves only that when a girl gets into trouble there is always a good man around to get her out, provided she has copper-colored hair and the kind of construction that puts a lovelight in a private...