“Buy American”, a NAFTA violation?

- February 4th, 2009

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 … Continued

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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