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http://news.bbc.co.uk/1/hi/business/7866900.stm
From the above.
"The clause seeks to ensure that only US iron, steel and manufactured goods are used in projects funded by the bill.
European and Canadian ambassadors to Washington have already warned that the clause could provoke protectionism and trigger retaliatory moves."
Despite it being generally accepted that protectionism would be bad for all concerned I for one think it is probable. Political and social pressure from within individual countries will ensure this.
If the US/the richer nations do adopt protectionist policies what do readers here think would be the consequences?
From the above.
"The clause seeks to ensure that only US iron, steel and manufactured goods are used in projects funded by the bill.
European and Canadian ambassadors to Washington have already warned that the clause could provoke protectionism and trigger retaliatory moves."
Despite it being generally accepted that protectionism would be bad for all concerned I for one think it is probable. Political and social pressure from within individual countries will ensure this.
If the US/the richer nations do adopt protectionist policies what do readers here think would be the consequences?