Business & Finance: Economic Warfare in Brazil

Without yet setting up a Ministry of Economic Warfare (TIME, June 23) the U.S. nevertheless saw the start of such warfare last week on the chief Latin-American front: Brazil. A strategic loophole was plugged with a preclusive buying arrangement. Brazil stopped exporting—except to this Hemisphere and Britain—important war materials such as manganese, rubber, industrial diamonds, quartz crystal, mica.

Diamonds, essential to certain machine-tool operations, have been shipped regularly to Europe on Italy's Lati planes from Rio. Such exports are now to cease. Japan, large buyer of strategic Brazilian commodities a few months ago, can buy them no more.

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