Where It Hurts

A final economic and financial crackdown against Argentina is in the works. State Department officials talked freely last week of: 1) dropping the United Nations beef contract with Argentina--up for renewal next month; 2) freezing Argentine funds in the U.S.

The export of beef is Argentina's largest industry. Under the contract, the United Nations agreed to take 1,500,000 tons of meat, 6,000,000 Argentine steers. So the loss of the contract would hurt. But in Britain. Argentina's biggest customer, the eating of beef is an old custom. Britain would be willing to go along with U.S. policy, if the U.S. can supply the lost beef. It looked as if U.S. foreign policy would get down to the level of the U.S. stomach.

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