FOREIGN TRADE: Easing the Embargoes

Through the cold war, the U.S. has pressured and persuaded its trade-hungry allies to hold down exports to the Soviet world. But the U.S. was fighting a losing battle. Last week, in a policy switch, Secretary of State Dulles confirmed that Western controls on Red trade will be eased "appreciably." Within a month, about 80 items are expected to be lifted from the 200-plus-item strategic-embargo list, including some chemicals and machine tools, nearly all raw materials, electronic equipment, trucks, cars, ships and perhaps older planes, such as the DC-3.

The embargo is being eased in response to increasingly heavy pressure...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!