Word: trades
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Dates: during 1950-1959
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...recession-plagued Detroit, fearful of foreign economic competition, Acheson made a to-the-point plea for liberalized foreign trade and for deploying more U.S. funds overseas as an answer to Russia's growing economic challenge. Said Acheson: "Does anybody in this state seriously doubt the vast benefit its citizens have received from the purchase and export by foreign aid programs over nine years of $3.1 billion of motor vehicles, iron and steel items, machinery and chemicals, not to mention $9 billion of other industrial and agricultural items? In 1955, the last year for which we have figures, over...
...sense of injury went deeper than dollars. Particularly galling to Canadians, the inquiring Congressmen found, were U.S. citizens who "adopted a patronizing assumption that Canada, like a poor relation, would remain at our beck and call." Among the symptoms of discontent: revived protectionist sentiment, a desire to divert trade away from the U.S. and "a tinge of 'anti-United States' sentiment which is usually hedged about with protestations of continued affection, but is nevertheless widespread...
CHINA-JAPAN TRADE DEALS are off. Businessmen from Japan have been ordered to leave Red China, all import-export licenses are invalid, and ballyhooed fiveyear, $560 million Chinese-Japanese barter deal is dead. Chinese claim break is due to Japanese Premier Kishi's "hostile attitude toward China," but a main reason is that Red Chinese are trying to welsh on some deals...
...Congress this week went Interior Secretary Fred Seaton's plan to help depressed U.S. mining industries and also to quiet opposition to extending the reciprocal trade agreements. Under Seaton's five-year plan, which would cost an estimated $161 million the first year, the Government would pay the miners of copper, lead, zinc, tungsten and fluorspar the difference between the market price and a set "stabilization" price. To Canada and the Latin American countries that export metals to the U.S., the Seaton plan is a welcome alternative to the tariff increases they face. The increases, plus cutbacks...
...domestic mining industries, which have been hit by imports and decreasing demand. Congressmen from Western mining states, who have been agitating for tariff boosts, seem ready to support some form of the Seaton plan, are expected to go alorg with the Administration's request for extension of reciprocal trade. Said Nevada's Senator George Malone of the Seaton proposal: "I think it's excellent as an interim plan...