Word: embargo
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...Spain, the U.S. was equally firm. When Ambassador Don Juan Francisco de Cardenas called at the State Department, he was bluntly told that the U.S. oil embargo on Spain will continue until Spain meets U.S. demands. Most important demands still to be met: 1) an embargo on Spanish wolfram; 2) expulsion of Nazi agents from Tangiers and the fringes of Gibraltar (TIME...
...action followed weeks of pressure brought against" Argentina's militaristic, Nazi-tainted Government by the U.S. and Britain. German espionage in Argentina had been newly exposed; there was audible talk of an Anglo-American embargo (TIME, Jan. 31). Obviously, the Ramirez Government saw that the last hour had come; Argentina had to choose between the Allies and the Axis. Precisely because so many friends of the Axis were powerful in the real government behind Ramirez, the choice was not easy...
...final reason for the break lay in British diplomacy. The British have been reluctant to embargo Argentina. Not only do they need Argentine beef, but they have large investments in handling it. Nevertheless, they may well have outbluffed the Argentines. Or the British may have made the most of Nazi connections with high Argentine officials (rumor mentioned even Perón himself). In any case, the sudden break of relations was a welcome relief for the British, since it made an embargo unthinkable, left British interests intact...
...Argentina, the dominant "Colonels' Clique" clung to its typical Fascist state, apparently unworried by threats of a British-U.S. embargo against Argentine trade. Well-informed authorities in London and Latin America doubted that Britain would actually go very far on this road, suggested that her investments in Argentina (?387,000,000) were too great, her trade too important to jeopardize. There were other weapons than embargo. A U.S. threat to further arm Brazil and Chile might undermine the "Colonels' Clique." Large credits to set up competing industries in the same countries might frighten Argentine industrialists. Even...
United Front? An embargo, to be effective, would have to be imposed jointly by the U.S. and Great Britain; a U.S. embargo alone would have little effect. The nub, undoubtedly discussed by Secretary Hull and British Ambassador Lord Halifax, is that the U.S. needs few Argentine products, Great Britain sorely needs them. Even a temporary loss of Argentine beef might be a real blow to the British (and to the millions of Americans now eating in Britain). Loss of Argentine hides and dairy products might also make the British hesitate, as would the probable fate of their enormous investments...