Word: imported
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...press conference in Washington, Secretary of State Dean Acheson brought the situation into the open. The Italian government, he said, had recently complained to the U.S. about growing tariff restrictions and the Buy American discrimination. Specifically, Rome noted that U.S. manufacturers had persuaded the U.S. Tariff Commission to raise import duties on such Italian products as oranges, almonds, cheese and felt hat bodies. Said Acheson: "Inconsistencies in U.S. policies, caused by pressures for trade restrictions, weaken our world leadership...
...tobacco pipes and wood screws. The Netherlands is worried about the prospects of selling its Edam cheese; Denmark has similar fears for its exports of Blue cheese, which add up to only a minuscule percentage of U.S. consumption but could pay for one-third of the coal Denmark must import from the U.S. each year. Peru, encouraged by Point Four officials to develop tuna fishing, feels threatened by the demand of U.S. tuna fisheries for a protective tariff...
...Denmark, cooped up by the Nazi occupation for four years, felt an urge to explore the world, even if only vicariously. A Danish Expedition Fund was set up, but it had no funds. Then Oceanographer Anton F. Bruun had a bright idea. He persuaded the government to waive import taxes on scarce luxury goods sent to the Expedition Fund by overseas Danes. A hint to overseas Danes was enough. Back came a flood of canned pineapple, coconuts, cigarettes, honey. The gifts sold for $600,000 and paid for equipping the Galathea, an oceanographic research ship...
Whisky Parlay. The taxpayer, Hyman Harvey Klein of Los Angeles, was revealed as another of the financial wonder workers who are turning up in Washington these days. Klein testified that in 2½ years he parlayed a $1,000 investment into a $5,000,000 profit, through a brisk import business in Canadian whisky. His troubles began in 1946 when the Government charged him with black-markeeering and tax fraud. In 1948, the BIR, afraid that he would skip the country, slapped a $7,000,000 tax lien on his assets...
Last week the Peronistas struck back. The Central Bank of Argentina announced that henceforth import permits will be required for many U.S. magazines and the Argentine post office said that 13 of them were banned from the mails. The banks made it plain that no import licenses would be issued. The 13: LIFE, Look, Cue, Collier's, Saturday Evening Post, Vision, U.S. News & World Report, United Nations World, Quick, Business Week, Editor & Publisher, Harper's and Cosmopolitan. TIME was left off the new list only because it has been banned from Argentina ever since...