"Buy American" meets formidable challenge(2)
2009-02-17 11:06:24 [ Big Normal Small ]     Comment
CEA: "Buy American" provisions to hurt U.S. economy, lead to trade war

WASHINGTON, Feb. 13 (Xinhua) -- The U.S. Consumer Electronics Association (CEA) warned on Friday the "Buy American" provisions in the economic stimulus package would hurt the U.S. economy and lead to a trade war.

"The 'Buy American' provisions in the stimulus bill will signal to our trading partners around the world that the United States is returning to the bad old days of protectionism and economic nationalism," CEA President and CEO Gary Shapiro said in a statement.

PM: Canada still concerned about "Buy American" policy 

  OTTAWA, Feb. 13 (Xinhua) -- Canada remains concerned about the "Buy American" provision in the U.S. stimulus package, which was approved by the U.S. Congress on Friday, Prime Minister Stephen Harper said.

  "There were some improvements as this went through the congressional process but obviously all of us remain concerned, and I think (U.S.) President (Barack) Obama himself has said that he wants to ensure that the stimulus packages do not lead to protectionist measures in the United States or anywhere else," Harper told a televised news conference in Montreal on Friday.

"Buy American" call can't create many jobs 

 BEIJING, Feb. 12 -- The U.S. trade deficit dropped markedly in November as imports from the rest of the world plunged in reaction to the global recession.

U.S. imports from China and Japan declined at double-digit rates, and in response to this, U.S. lawmakers are scrambling to find strategies that will re-ignite global trade, and in their desperation to find a panacea it is clear that some of them are grasping at straws.

Canada making "great headway" in "Buy American" battle, says minister

OTTAWA, Feb. 5 (Xinhua) -- Canada has made "great headway" in the battle to scrap the "Buy American" provision in the U.S. stimulus package, International Trade Minister Stockwell Day said on Thursday.

"It's not finished yet ...we are keeping on this full-court press, 24/7 to work with our American counterparts to see this through to what we hope will be a successful conclusion," Day said in a speech to the Toronto Board of Trade. 

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