Word: east-west
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...when he asked the U.S. Commerce Department last week for permission to sell Russia 40 million lbs. of surplus butter and 14 million lbs. of surplus cottonseed oil (used to make margarine). The result was a searching re-examination by the President's Cabinet of U.S. policy on East-West trade...
...week before, Foreign Operations Administrator Harold Stassen announced he would push for increased East-West trade as one way of puncturing the Iron Curtain with democratic ideas. Stassen said, "From its newly attained position of strength, the West can use economic forces to play a major part in lessening the East-West tension...
...reason why they should not sell rubber, trawlers or antibiotics to the East, when the Communist countries are already buying them from other nations (rubber from Indonesia, trawlers from Denmark and antibiotics from France). Commented one export manager bitterly: "Last year we played ball with the United Nations and lost $180 million in business with China and Russia. So what happened? Our European friends got the business, and we got the blame." Said a Foreign Office economist: "Marginal, rational readjustments [in East-West restriction...
Then came West Germany's time to decide. EDC meant several unpalatable things to Germans. Two disasters in half a century had been enough; thousands wanted never to bear arms again. On the other side, Nationalists balked at joining hands with the French, and oldtime professional soldiers seethed at the "disgrace" of banning for good the Wehrmacht and General Staff. Joining in with the West, they argued, might turn the East-West German boundary into a 38th parallel and Germany into another Korea. It might seal off forever the Communist-held lands to the East. Would...
...Commission is expected to lay out a clear program to help them do so by the reduction in U.S. tariffs and freer trade among Western nations. For such a program, 1954 will be the year of opportunity; it may also be a last chance. Last year the embargo on East-West trade squeezed the Russians and their satellites so tightly that at year's end the Soviet bosses could not sell enough goods abroad to buy consumer goods for their empty-handed people; they had to sell gold, and in December alone sold an estimated $85 million...