Word: exporter
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...home from French soil the remains of 60,501 U.S. soldiers who died defending France in two wars, demanding that France repay more than $4 billion in World War I debts (which France and other European debtors except Finland ceased paying in 1932), swamping France's lucrative grain-export markets with American wheat, or putting a tax on American tourists to France. These are the kind of ideas that sound attractive-until one remembers that France, too, has great retaliatory powers, because it buys more from the U.S. than it sells...
...Trade expansion with Communist countries got nowhere, as Congress showed an upsurge of protectionist sentiment and even more hostility than usual to foreign aid. The aid bill was reduced $1 billion below the Administration request to $2.29 billion, its lowest level ever; renewal of the Export-Import Bank's charter and funding beyond June 30 was delayed; and there were a number of efforts to protect industries claiming injury by foreign competition...
...Americain [It is argued] that the Americans are buying Europe with their balance of payments deficit; that the technological gap and the brain drain together represent a new form of imperialism; that all this comes from the export of Mr. Galbraith's modern industrial state. A brilliant Frenchman, M. Servan-Schreiber, recently published a book about all this which he calls Le Deéuú Americain [The American Challenge; TIME, Nov. 24]. He rejects any protectionist or negative reply by Europe to this challenge. He recognizes that the challenge is inescapable...
...SUPERSONIC TRANSPORT. The SST is much more than a flying frill. The $142 million that Congress authorized for it this year will go far to improve the U.S.'s worst international financial problem: the balance of payments. Aircraft make up the nation's second biggest export (after food), and the U.S. has sold $2.4 billion worth of commercial jets to foreign buyers. The SST market will be much richer-estimates run to $40 billion over 20 years. Hoping to crack it, the Soviets and a British-French consortium are already building SSTs, and the U.S. has to hustle...
...produce a rebound-weak at first but picking up in the second six months to give the Common Market a 4½% growth for the year. At the same time, says the commission, "imports will probably increase significantly." If so, both the U.S. and Britain stand to benefit from export sales-a welcome prospect because it would ease their balance-of-payments troubles...