Word: trades
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Dates: during 1950-1959
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...deferred-payment plan-at 8.5% interest. Russia and Eastern European satellites, on the other hand, have been quick to inform India that they are eager to grant deferred payments-and at only 2.5% interest, a political price which U.S. observers feel is significant (though direct Russian-Indian trade is at present only 3.2% of India's overall foreign trade...
Canada and the U.S. want to get along, can get along, and most of the time they do get along. But the closeness of contact makes irritation inevitable. In the last three years Ottawa has sent half a dozen stiff notes to Washington protesting U.S. trade restrictions. The case of Canadian Diplomat Herbert Norman, who killed himself in Cairo after a U.S. Senate subcommittee revealed that he once had Communist connections, inspired bitter diplomatic notes and an outburst of anti-U.S. editorials. Proud that their currency is robustly solid, Canadians are furious when some U.S. shopkeeper or cab driver...
...Denison mine in Blind River, Ont. contains twice as much uranium as all the known U.S. reserves, and its entire output through 1961 is earmarked for the U.S. Atomic Energy Commission. In turn, the U.S. ships industrial machinery, automobiles and consumer goods to the north, and Canada's trade deficit with the U.S. last year...
Until recently Canada managed to offset her perennial deficit in U.S. trade by selling wheat to the rest of the world, but this market tapered off last year, and Canadians blame U.S. international wheat giveaways and subsidized sales. Unless the problem of U.S. surplus-wheat disposal can be settled without injuring Canada, warns a Canadian official, it could threaten Canadian-U.S. relations even on defense matters. Canada and the U.S. must also work out joint policies for waterpower development of the international rivers of the Pacific Northwest, and Canada must decide whether its own long-term interests permit...
...business expansion, put up three-fourths of the capital for their postwar growth; but U.S. investors, plunging heavily into high-risk mineral explorations, managed to sew up 75% of Canada's oil and gas, half its mining. The fact that U.S. investment more than balanced Canada's trade deficit and raised the value of the Canadian dollar only sharpened Tory fears that "it can't go on like this...