FOREIGN TRADE: Leaks to the Reds

The plea of Prime Minister Sir Anthony Eden for a relaxation of the Allied embargo against trade to Red China got a cool reception in Washington last week (see NATIONAL AFFAIRS). Part of the reason was an angry blast by the Senate Investigations Subcommittee at the "shocking" flow of strategic goods already leaking out to Red nations, mainly Russia. The subcommittee voted unanimously for public hearings on the effect of an agreement two years ago to cut the Battle Act embargo list for Western Allies from 297 to 217 items and the international...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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