Word: embargo
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While he put his back yard in order Lazaro Cardenas also had an explanation to rr:..:e concerning relations with his big next-door neighbor. He called in a batch of U. S. correspondents to explain some misunderstandings about the now-you-see-it-now-you-don't embargo on mercury shipments to Japan. There had never been any embargo, the President said. Export of mercury and molybdenum was suspended while the Government investigated reports that shipments of the metals had been smuggled in from the U. S. When the reports proved false, export was resumed. Although the President...
...recommended that the Congress repeal the embargo on the shipment of armaments and munitions to nations at war, and permit such shipment on a 'cash-and-carry basis...
President General Lázaro Cárdenas made some nice gestures toward continental defense last week. He slapped an embargo on shipments of Mexican mercury to Japan. A Japanese bid for 18,000 tons of scrap iron was rejected, a cargo of war materials ticketed for Tokyo frozen. A Government spokesman announced that Cardenas would declare unconstitutional a contract signed fortnight ago, granting Japan oil concessions in the State of Veracruz. This, said the Mexican Good Neighbor, was to "demonstrate Mexico's adherence to the hemisphere policy of solidarity." Few days later President General Cárdenas changed...
...Japan the stake was well worth the play. Though the oil fields had been considered worthless by U. S. and British geologists, they gave Japan a foothold on the Gulf of Mexico, a base from which to route supplies across the Mexican Isthmus bypassing the Canal. The embargo involved 700 flasks of mercury (for making explosives), 14 sacks of molybdenum (for making steel alloys), 2,000 tons of fluor spar (for making aluminum), such oddments as 1,700 tons of flour, 5,000 drums of gasoline and oil. But the scrap and certain petroleum products which were "practically Government monopolies...
...molybdenum by offering $4.74 against the U. S. price of $4.43 for mercury, $3.55 against $2.75 for molybdenum. They offered 5 to 6% more than U. S. prices for Mexican antimony, copper, fluorspar, tungsten. Another Mexican motive was thought to be a covering move against possible U. S. embargo pressure: Mexico could tell the U. S. she would gladly embargo oil, but could not block operations of Japanese-controlled firms actually operating in Mexico...