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Will US stimulus trigger a trade war?...

  1. slaveman
    746 Posts.
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    04/02/09
    22:59
    Post #: 4762089
    Will US stimulus trigger a trade war?
    http://news.bbc.co.uk/2/hi/americas/7868631.stm
    By Philippa Thomas
    BBC News, Washington

    The massive economic stimulus package being debated in the US Senate this week has a hugely controversial condition attached.

    It is called "Buy America" and it means that all of the projects financed by the government's $800bn (£567bn) bailout should favour American iron and steel. It could, perhaps, even mandate American preference for all "manufactured goods".

    Could this be the start of a new American protectionism? Even a new trade war?
    XJO Value at posting: 136.70
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