Word: east-west
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When the Reds saw that warnings were not enough, they increased Volkspolizei guards at the East-West Berlin borders, sporadically confiscated some of the free food, sporadically took down the names of East Germans who had dared to cross the border to share in the "American Beggar Program," began closing down transport facilities...
RUSSIAN feelers to reopen East-West trade in platinum are getting a chilly reception. Last week in London, the Soviet Trade Delegation offered to sell platinum for the first time since 1947, but found no takers. London dealers, who usually sell platinum to the U.S., were afraid to touch...
Actually, far from discouraging East-West trade, the U.S. is encouraging it in nonwar goods as the best means of reducing Europe's dependence on dollars. And U.S. -restrictions have cut East-West trade comparatively little-to $3 billion last year v. 3.9 billion in 1948, the postwar trade peak. The biggest cut was in U.S. trade, the total loss to Europeans only $348 million...
Since prewar East-West trade was three times bigger in units than the postwar peak, businessmen tend to regard the prewar level as an attainable goal. They forget Russia itself deliberately wiped out two-thirds of the prewar trade. Most of it came from the once-independent nations, Czechoslovakia, Poland, Hungary. Rumania, and East Germany. As Soviet satellites, they now send goods which once flowed to the West, to Moscow and Peking at Soviet-set prices. The West's normal trade with mid-Europe has dropped from the prewar level of 8% of its total trade to the present...
...suffering the biggest losses in East-West trade, the U.S. has cut its Sino-Soviet imports from $233 million in 1948 to $67 million last year, and its sales to the same bloc from $397 million to only $1 million. By comparison, Britain last year sold $156 million worth of goods to these nations; Benelux sold $97 million, Italy $58 million, France $42 million. All the sales are about one-third or less in units of the prewar level...