Word: embargo
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...Embargo, like Tariff, is a game at which any number of nations can play. In Washington, Chairman Legge of the Federal Farm Board is calling for "a temporary embargo on wheat imports" (TIME, Jan. 5). Last week Argentina got into the game. Her new Provisional Government, headed by swart, hard-eyed, big-mustachioed General Uriburu, suddenly declared an absolute embargo on "Paraguay...
Hard-boiled Argentine reason for the embargo: an "infant industry" producing Paraguay tea in Argentina has been started in the past few years, gives employment to some 50.000 Argentine laborers. Amid present "depressed conditions" the native and foreign yerba mate industries cannot both flourish. It seems best to knife the adult neighbor to save one's own child...
...seems to be getting worse every day. Inasmuch as [U. S.] millers will always pay a premium for Manitoba wheat, any further decline in the [world] market will probably result in wheat being imported from Canada. Probably the most effective method of dealing with this would be a temporary embargo on wheat imports...
Senator Capper promised to sponsor a resolution for a wheat embargo as the next adjunct to Stabilization...
Statesman Stimson had every good reason to want to placate President Vargas by compliments or anything else. U. S.-Brazilian relations were last week described as "rapidly approaching the breaking point." The reason, of course, was the Arms Embargo President Hoover, on the State Department's recommendation, had laid down against the Brazilian revolutionaries only two days before they ousted President Washington Luis and seized the Rio government (TIME, Oct. 13 et seq.~). The complimentary form of U. S. recognition was designed especially to make amends for this ill-advised action, to win back lost U. S. favor and prestige...