Word: important
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Dates: during 1950-1959
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Beginning Nov. 1, the Mexican assembly plants of foreign auto firms will have to use Mexican cotton to pay for car and truck parts imported from their parent companies. To do business, the companies will have to make deals with a broker to try to sell Mexican cotton abroad. The companies then can import an equivalent value in car parts. Hard hit will be the U.S. Big Three-General Motors, Ford and Chrysler. If they manage to continue importing parts at the current rate (an estimated $60 million a year), the Big Three will have to market...
Inching, Pinching. At the moment, the government's credit squeeze has leveled off last year's frightening import rise, narrowed the trade gap to a monthly $45 million, and restored gold reserves. But with retail prices up ten points over last year, it has not stopped inflation. Last week the inching, pinching process of deflation brought violence and strikes to Britain's smoke-stained Midlands...
...Passed, by voice vote, an Administration-backed bill to simplify import duties, replacing a confusing two-value assessment system with a system of duties based on the price a U.S. importer pays for foreign merchandise. The customs simplification bill, first major foreign-trade measure passed this session, now goes to House-Senate conference...
...shortage of capital, Brazil urgently needs help from the U.S. Last week a mission headed by Engineer Lucas Lopes, who is President Juscelino Kubitschek's No. 1 economic-development braintruster, arrived in Washington from Rio to ask for massive loans from the U.S. Government's Export-Import Bank...
...provide single production and selling group for coal and steel has asked three big U.S. investment houses (Kuhn, Loeb; First Boston; Lazard Frères) to help plan multimillion loan to modernize coal mines, coking plants, etc. Previously, Community borrowed $100 million from U.S. Export-Import Bank...