Word: traded
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Dates: during 1960-1969
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...part, the Administration made the gesture of easing U.S. restrictions on trade with China. For the first time since the Communists won control of the mainland in 1949, U.S. businessmen may engage in nonstrategic trade with China. Though the ban on direct commercial import of Chinese goods remains, U.S. firms are free to buy Chinese products, and sell their own to China, through foreign-based subsidiaries or through intermediaries in other countries. U.S. citizens abroad will be able to bring back unlimited quantities of Chinese-made items, which will be subject only to normal tourist duties...
Ambassador Dubček, who initially resisted the appointment, will find few pressing diplomatic problems between Ankara and Prague. The embassy has only a seven-man staff, and Dubček's main duty will consist of overseeing Czechoslovakia's $44 million in trade with Turkey. Meanwhile, the campaign against liberals continued in Prague. Josef Smrkovsky, the former president of the National Assembly who was Dubček's closest ally, was stripped of membership in the federal legislature, his last state function. Ten other liberals were also forced to resign, thus virtually completing the purge...
...Named for St. Paul, who followed that trade throughout his life...
...Kennedy Round of tariff cuts stimulates huge growth in world trade...
Secret Meeting. Since the Europeans had made the victory possible by agreeing not to buy South African gold in the first place, the U.S. could hardly refuse their request to ease the boycott. For its part, South Africa was ready to sue for peace. Its 1969 trade deficit reached an estimated $700 million by October, largely because of imports of machinery needed to modernize its economy. Unless the South African government could sell more gold at a good price, it would have to either 1) pursue risky policies of austerity and deflation during an election year, or 2) restrict imports...