Word: embargos
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Dates: during 1950-1959
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...WESTERN EMBARGO on Communist trade is easing fast. From list of exports that need separate licenses before they can be sent to U.S.S.R. and satellites, U.S. removed 200 commodities, including non-strategic manufacturing machines. Italy, West Germany lifted restrictions on exports to Red China of many strategic items, e.g., ships, generators, steel tubing, scientific instruments...
...Formosa, and 2) the "possibility" of reopening U.S.-Red Chinese trade. U.S.-Formosan relations, said the President, "are unchanged as a result [of the Taipei riots] as of this moment, and so far as I know, no one has suggested any change." As for trade with Peking, the embargo against it is a matter of "law" and "so long as that law is on the books, of course, that is that."* Correspondents quickly noted that he did not exclude a reconsideration of the U.S. embargo. Declared Ike. after briefly summarizing the arguments for and against relaxation: "Frankly...
...President erred if he meant that only Congress could revoke the embargo. The applicable law is the 1917 Trading with the Enemy Act, which President Truman invoked after declaring a state of national emergency when Communist China entered the Korean war. The President at his own discretion can return the embargo law to its stand-by status simply by declaring the national emergency...
...little choice. But when the talk turned to the observation that it was time for the U.S. to "reappraise" its basic nonrecognition of Red China, the answer was flatly no (see box). For its part, said the State Department, "the U.S. contemplates no change in its policy of total embargo on trade with Communist China...
...chunk of the Red Chinese market and unwilling to agree that trade with Red China should be subject to heavier restrictions than trade with Russia. Only Turkey, of all the 15 nations comprising CHIN-COM (the voluntary committee founded during the Korean war to coordinate a selective embargo on Red China) supported the U.S. insistence that the "China differential" should be maintained. At Bermuda two months ago Prime Minister Harold Macmillan had warned Eisenhower that if the U.S. did not agree to major easements, the British government would be forced to "go it alone...