Word: trade
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Dates: during 1950-1959
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Last week some 5,000 demonstrators marched on the royal palace to cheer Sihanouk's stand. Sihanouk himself followed up his words with actions: first he summoned his ambassador home from Moscow, then warned Pnompenh's Soviet embassy and Chinese Communist trade mission to stop their propaganda activities forthwith. Apparently intending to get a brand new start all along the line, he had his father, King Norodom Sura-marit, dissolve the squabbling Assembly, and ordered new elections...
...government's Coal Board and its Water and Power Board. Said the mission's chief, Under Secretary of Industry Raul On-darts: "We urgently need machinery and capital goods. We do not care where they come from." In Brazil, top government officials re-examined their anti-Red-trade policies; President Juscelino Kubitschek said he knew "what dangers negotiations can lead to," but pointed out that Soviet-bloc countries "offer economic prospects that deserve to be studied...
Adroitly, the new Soviet economic offensive in South America focused on a pair of sensitive issues: U.S. oil policy and U.S. trade and tariff policy...
This policy left Russia with a comfortable and obvious opening to offer oil-development loans and drilling rigs that the state monopolies now get, for-cash, from the U.S. Soviet government officials and South American Communist leaders met in Moscow in November and plotted a new Russian attempt at trade penetration, starting in Brazil. Nikita Khrushchev himself offered oil-drilling equipment to Brazil...
...Trade & Tariffs. U.S. purchases from Latin America poured $4 billion into the area last year†-a sum half again as much as U.S. economic assistance funds for the whole world. But simply because the trade is so large and so vital, minor changes in U.S. tariffs can affect it drastically. The worst-hurt nation currently is Uruguay. Since 1951 U.S. imports from Uruguay have fallen from $102 million a year to about $18 million, mostly because Western sheep raisers in the U.S. got a prohibitive tariff put on Uruguayan wool. Now the Russians, smoothly operating through Dutch importers, have...