Tuesday, February 3, 2009

Give peace a chance

Democrats are trying to start another trade war:

The European Union has warned of possible trade litigation against the US if Washington presses ahead with a Buy American provision in its forthcoming economic stimulus bill.

EU officials have expressed concern that the requirement for companies to use US steel and manufacturing products in projects funded by the bill could encourage a wave of protectionist measures from other countries.
UDPATE: The US heeds the lessons of history
John Bruton, the EU Ambassador to Washington, said that “history has shown us” where the closing of markets leads — a clear reference to the Depression of the 1930s, triggered by US protectionist laws.

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