Canada Encouraged by Washington's Trade Tone

Feb. 4, 2009
House leader understands Canada's concerns

Canadian Trade Minister Stockwell Day on Feb. 4 welcomed U.S. recognition of concerns that a "Buy American" provision in the U.S. economic stimulus plan could spark trade wars. "At almost every key level now of the administration, we're getting feedback that they're not just hearing us but that something needs to be done," Day said. "It shows that at all levels where we've been engaged it's clearly having some positive effect," he said, noting: "The Democratic House leader has said that Canada's concerns are justified."

President Barack Obama on Feb. 3 warned that provisions in versions of his economic stimulus bill being drafted in Congress could ignite "trade wars," describing the clause as a "mistake" in the current economic environment.

The EU and Canada have fiercely attacked the clause, warning it could start a global round of tit-for-tat trade reprisals akin to the tariff wars of the 1930s Great Depression.

The "Buy American" clause in the nearly $900 billion bill being debated in the Senate bars the use of any stimulus funds to buy steel, iron or other manufactured goods for infrastructure construction projects from abroad. A narrower version of the clause, popular in U.S. states suffering gravely from the economic downturn, was included in a House of Representatives version of the stimulus passed last week.

Copyright Agence France-Presse, 2009

Popular Sponsored Recommendations

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

The Ultimate Ecommerce Excellence Checklist

Oct. 2, 2023
Scaling ecommerce operations is no easy task when your business is moving fast. Assess your current ecommerce maturity level and set optimization priorities with this practical...

Four Keys To Operational Excellence

Sept. 20, 2023
As manufacturers face supply chain disruption and shrinking margins, increasing operations performance is critical. Our smart manufacturing guidebook can help you achieve the ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!