Word: imported
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Prochnow, who succeeds Samuel Waugh (now president of the Export-Import Bank), will help handle foreign aid, trade and tariff negotiations, and programs to stimulate overseas investments. He got off to a flying start: while his nomination was in the works, he left with Under Secretary Herbert Hoover Jr. for a flying tour of trouble spots in the Far East. By the time his appointment was duly approved and signed by the President, convalescing in Denver, Prochnow was in Tokyo talking with Japan's top officials...
...recently announced desire of the Russians for increased trade with the West prompted Berman's trip. His mission was to find out what goods the Soviet wanted to export and import, and to study the commercial and legal questions involved. He discussed these subjects with the Ministry of Foreign Trade and with the heads of more than ten Soviet import-export combines...
...import quota was originally set by a presidential Cabinet Committee in February; at that time it was ruled that imports should not exceed the level of 1954, when they accounted for 16.6% of total U.S. production. The big companies did not agree with the Cabinet ruling, but they insist that they have held the line. They argue that it is smaller companies that have pushed up imports of crude oil to nearly 15% above the 1954 level...
...bankers warned against writing checks with them (forgers could literally pick up a transfer of a signature); schoolteachers banned them; and retailers were swamped with complaints. But Pat Frawley was full of confidence-and with good reason. At 16 he was a salesman for his father's export-import business in Nicaragua; at 18 he negotiated a $300,000 deal between Panama and U.S. Rubber. At 23 he built a flourishing export-import business in San Francisco...
...prevent the German boom from faltering, Economics Minister Ludwig Erhard proposed to 1) import foreign labor, probably from Italy, 2) reduce import restrictions, thereby permitting cheaper foreign goods to compete with German products, forcing prices down. Such remedies met strong resistance from the Socialists and trade unions...