Word: embargo
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...Advocate in the United Nations a total embargo on all shipments to Communist China, and urge all U.N. members who have recognized Peking (notably Britain) to withdraw their recognition...
Ripe Plum. How would the British take a U.S. policy change? The British Foreign Office again warned that it would take "all practical steps" to block Iranian oil sales. But under pressure from the U.S., the British might lift the embargo...
...army tribunal last week tried the 24-year-old ringleader of the rioters who set fire to Alexandria's textile mills (TIME, Aug. 25), found him guilty of treason. Sentence: death by hanging. Britain, apparently convinced that Naguib had come to stay, 1) lifted its 10-month-old embargo on the export of military equipment to Egypt, 2) invited Egyptian cadets to train in British military academies...
...Sept. 1, the U.S. Government will lift its ban on the import of cattle and meat products from Mexico. The embargo was imposed five years ago after foot-and-mouth disease broke out in Mexico and threatened to spread across the border. About 500,000 head of cattle will be shipped north in the first year of renewed trade. At current prices that should be worth some $140 million to Mexico...
With virtually no hope left for early lifting of the U.S. embargo on Canadian meat and livestock, Canada made a costly stop-gap agreement to trade her surplus beef and pork to Britain in exchange for New Zealand meat that she can resell to the U.S. (New Zealand cattle are free of the foot-and-mouth taint.) Canada stands to lose up to $10 million this year on the barter, but it is the only immediate way to clear up the glut of meat on the Canadian market. Domestic meat prices have already sagged, giving consumers a temporary break...