Word: embargoed
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...founded for "the China trade." But in the first eight months of last year, imports from Red China represented 23% of Hong Kong's imports, and exports to China represented a relatively minor 8% of all the colony's exports. This abrupt decline began with the trade embargo during the Korean war, promoted by the U.S. and accepted by a reluctant Britain and a reluctant Hong Kong. But the decline also reflects Red China's own increasing reliance on overland trade with Soviet Russia and the satellites...
...such a blockade would never work if the Belgians, French, or any other Western nation sold the East Germans the steel that West Germany would not. The West found an answer to that. The Western allies and the Bonn Government drew up a plan for applying a NATO-wide embargo on East German trade, should a new Berlin blockade develop. Next day the East Germans announced that the old barge permits would continue to be honored, after all, by the Communist regime...
...tariffs. There is strong evidence that while the U.S. has been steadily reducing tariffs, many other nations have been dragging their feet. Example: after the U.S. cut duties on cotton goods up to 50%, Japanese imports doubled; they poured in so fast that Japan last week clamped on an embargo for fear of U.S. reprisals. At the same time, the Organization for European Economic Cooperation issued a progress report on the situation in France. Charged OEEC: French tariffs are so high that they hamper both international trade and France's own economic recovery...
...TRADE EMBARGO by Japan will soon be relaxed, if Japanese businessmen have their way. Japan's Chamber of Commerce has formally petitioned the government to permit freer export to Communist China of such items as freighters, locomotives, steel, machine tools...
Rickett is obsessed with the evils that he attributes to Chiang Kaishek. "When I criticize the U.S., what I am really criticizing is its position on Formosa." He believes that the U.S. should abandon Formosa and drop its embargo on strategic trade with Red China. He remarked with quiet satisfaction that from what he had heard about the Geneva negotiations (which resulted in his release), "things are going the way I think they should." He claimed that he had been a U.S. spy, but, when questioned, he admitted that he had merely reported his observations of China to an American...