Word: embargos
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Dates: during 1950-1959
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...Secrets. Then came the explosion. The U.S. embassy in Moscow ordered Lear to explain what he was doing there, said that all his automatic flight equipment was banned under NATO embargo from sale to the Reds...
...news was no shock to the U.S. Much of the muscle had already gone out of the embargo in 1954, when the U.S. agreed to reduce the embargo list for Soviet Russia and her European satellites to 170 strategic items (TIME, Sept. 6, 1954). Thus, though China itself was still forbidden a list of some 450 items, there was nothing to stop the Russians from buying and passing along a wide range of banned goods. The attrition increased when the U.S. tacitly agreed to the use of an "exceptions procedure" by which Western businessmen could claim that any item sold...
...Chinese Communists; Indonesia announced that it would sell not only rubber but supplies of oil and tin as well, while Japan also planned to boost its China trade. Said Britain's control officer in Hong,Kong: "I would call it the beginning of the end of the sentimental embargo...
While the U.S. was barring one of its own businessmen from trading with the Reds, British businessmen persuaded their government to open up trade with the Iron Curtain countries. The British eased a 1951 embargo on shipping the Chinese Reds rubber, tractors and electronic equipment, and approved a shipment of 150 tractors, though such exports are still banned for U.S. businessmen. Businessmen in Japan, France, Belgium and other allied nations were also pressing their governments to get U.S. approval of their big plans to sell to the Soviet and her satellites. Riled by this eagerness to trade with Communist nations...
...important for a number of reasons. If practical means for producing the drug can be found, doctors will no longer depend on imports of the root from which it is made. This is particularly significant as it is possible that the nations exporting the root may soon put an embargo...