“Buy American”, a NAFTA violation?
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PrintPost by Melissa Pistilli, Resource Reporter
Iron Investing News reports the US $19 billion stimulus package proposed by President Obama carries a “buy American” protectionist measure.
There are fears that the proposed protectionist measures could essentially create a trade barrier against Canada’s iron and steel exports to the U.S.
On Thursday, the House passed the stimulus plan with an attached provision that requires the iron and steel used in the plan-funded construction projects be produced in the U.S. unless the material proves to be unavailable or prohibitively expensive.
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February 4th, 2009 at 1:42 pm
NAFTA violation is not a problem. Just give six months notice to withdraw from NAFTA as is provided for in the treaty
February 9th, 2009 at 3:10 pm
I am all for the “buy american”, it should be extended to much more including the outsourcing of services.