Word: embargos
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Dates: during 1950-1959
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...were firmly united ... to deter and prevent aggressive expansion by force or subversion." Actually, as the course of the talks again made clear, Eden does not support the U.S. view that a Communist attack on Quemoy and Matsu could constitute aggression. Then the communiqué noted that the allied embargo on strategic trade with Red China "should be reviewed now and periodically ... in the light of changing conditions." During the talks Eden pressed the U.S. to let into Red China the strategic goods that it now lets into Red Russia...
...plea of Prime Minister Sir Anthony Eden for a relaxation of the Allied embargo against trade to Red China got a cool reception in Washington last week (see NATIONAL AFFAIRS). Part of the reason was an angry blast by the Senate Investigations Subcommittee at the "shocking" flow of strategic goods already leaking out to Red nations, mainly Russia. The subcommittee voted unanimously for public hearings on the effect of an agreement two years ago to cut the Battle Act embargo list for Western Allies from 297 to 217 items and the international quantitative control list from 90 to 20 items...
...founded for "the China trade." But in the first eight months of last year, imports from Red China represented 23% of Hong Kong's imports, and exports to China represented a relatively minor 8% of all the colony's exports. This abrupt decline began with the trade embargo during the Korean war, promoted by the U.S. and accepted by a reluctant Britain and a reluctant Hong Kong. But the decline also reflects Red China's own increasing reliance on overland trade with Soviet Russia and the satellites...
Since the U.N. laid down embargo rules in 1951, most Hong Kong trade with China has been strictly legal...
...such a blockade would never work if the Belgians, French, or any other Western nation sold the East Germans the steel that West Germany would not. The West found an answer to that. The Western allies and the Bonn Government drew up a plan for applying a NATO-wide embargo on East German trade, should a new Berlin blockade develop. Next day the East Germans announced that the old barge permits would continue to be honored, after all, by the Communist regime...