Word: exporting
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Dates: during 1960-1969
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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...
...than giving it a chance to say no to the Vorster apartheid regime. But at least five ministers, led by Foreign Secretary George Brown, declined to go along with Wilson's decision to do just that, claiming that 1) Britain could hardly turn down ?200 million worth of export business from its second largest customer in the face of mounting balance-of-payments deficits, and 2) it is bogus morality to pass up income, even from arms traffic, while at the same time cutting into Labor's backbone social programs...
...there as conquerors, not as friends. Arab farmers on the West Bank of the Jordan have been forbidden to sell their crops in Israeli markets for fear that they might undercut Israel's farm prices, which are on average 25% higher. Instead, they have been quietly permitted to export their produce to Jordan; a temporary bridge has been built next to the war-wrecked Allenby Bridge to allow Arab trucks to cross over to collect such produce...
...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...
...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...