'Countries around the world are expressing grave concern': PM Of Canada
As passed by the House, section 1110 of the American Recovery and Reinvestment Act of 2009 says, "None of the funds appropriated or otherwise made available by this act may be used for a project for the construction, alteration, maintenance, or repair of a public building or public work unless all of the iron and steel used in the project is produced in the United States."
This language won't necessarily be in the bill when it gets to Obama's desk for signing, but the final version could be even worse from the point of view of U.S. trading partners.
The Washington Post reported Thursday that a Senate version of the bill, yet to be acted upon, goes further, requiring, with few exceptions, that all stimulus-funded projects use only U.S.-made equipment and goods.
Differences between House and Senate bills are reconciled in a process called conference. Although the president may ask for legislation, he doesn't get to write it, even when his party controls both chambers.
At the same time, the United States has treaty obligations that they have signed on to — NAFTA is one, the World Trade Organization is another — and we expect the United States to live up to its treaty obligations of open and fair trade."
Canadian steel producers and builders say they have "grave, grave concerns" about the bill.
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In Brussels, the European Union warned Thursday that it would protest the provision, the Associated Press reported. Europe will not "stand idly by and ignore" a provision that "prohibits the sale or purchase of European goods on American territory," EU spokesman Peter Power said.
I actually think this is a good thing. It will bring jobs back locally and stimulate local economy. Globalization was a failure and is the main reason for this crisis.
ReplyDeleteyes but , the U.S pushed so damn hard for free trade and NAFTa and that made Canada grow (only in Commodities , mining and forestry ) i fear this will collapse Canada's only remaining industries ,this will plunge Canada into a massive GREATER DEPRESSION , forestry in gone , people are leaving Alberta cause the Oil boom is over ... kaput , what is next . All Canada has to do if this bill passes is to Shut off Natural Gas valves and the Electricity switch going to the U.S . this will collapse the U.S overnight, you guys sucked Canada for so many years i think it's time we give payback. DEATH to the U.S
ReplyDeletesorry bout the death to U.s , i know their are still some good people , sorry. It just gets me raging mad when i hear stupid shit posts like that
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