Word: imported
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...Pull from Inflation. The current problem lies primarily in the growing U.S. appetite for foreign products. Total imports have climbed 22% this year, while exports have grown only 9%. About one-sixth, or $1 billion, of the import surge was caused by U.S. labor troubles. Copper imports, for example, doubled to $600 million during the first half of this year as a result of a 37-week miners' strike. The threat of an August steel strike brought a 59% jump in iron and steel imports. Most of the blame for increased imports, however, can be placed on the seemingly insaliable...
...many signs point to a return to protectionism. Two dozen U.S. industries are pressing for higher tariffs or import quotas on everything from shoes to glass, from steel to electronic components. Most such efforts have been rebuffed, but last month President Johnson signed a bill that more than tripled the import duty on various blends of woolens. Italy, which stands to lose $15 million in trade, is considering retaliation against U.S. exports. Other countries, of course, can be expected to do the same if tariffs on their exports to the U.S. are raised...
Barely a month after the launching of The First Circle (TIME cover, Sept. 27), Aleksandr Solzhenitsyn's Cancer Ward has been published in an English translation. As a special kind of literary import, it stands partially obscured by the excess political baggage that has accompanied it. The kinds of labels inevitably suggested by the advance publicity are gross and distracting: savage expose of Stalinism; revealing political microcosm; old cold-war propaganda. The reader is thus challenged to slip past the luggage and the labels into the heart of the book...
Today, Israel's biggest import is people. Partly because last year's military victory made the country more secure and stirred feelings of pride, immigration will double this year to 30,000. One-third will come from Western countries, bringing welcome skills that will help to propel the economy...
...seizure "a clear violation of international law" and asked the State Department to refrain from stepping in actively. One reason for the company's restraint was that Peru accounts for less than 1% of its total crude-oil production. The company also figures that Peru, which has to import oil to meet its needs, can ill afford to tamper with domestic oil sources. For the moment, Peru's militarists were in no mood to yield. But there is at least a chance that the junta, having scored a few political points, may eventually offer IPC a contract...