Friday, September 16, 2011

Canada balks at Buy American provisions (AP)

OTTAWA, Ontario ? Canada's federal trade minister says Canada plans to fight the Buy American provisions in the new U.S. jobs package proposed by President Barack Obama.

Obama's proposed $447 billion package includes a requirement that all "iron, steel, and manufactured goods" used in public buildings or works to be supplied by American firms. The bill calls for more than $100 billion towards the renovation of schools, the construction of roads and bridges and improving transit.

Trade Minister Ed Fast said in a release Wednesday that the provisions are not acceptable to Canada and says history shows protectionist measures stall growth and kill jobs.

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ap/20110914/ap_on_re_ca/cn_canada_buy_american

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