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US protectionist laws Not an Option
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04/02/2009 09:39:27
 
 
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Forum:
Politics
Category:
Laws
Title:
US protectionist laws Not an Option
Miscellaneous
Thread ID:
01379206
Message ID:
01379206
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19
http://www.timesonline.co.uk/tol/news/world/europe/article5655115.ece

A Snippet:

The European Union warned the US yesterday against plunging the world into depression by adopting a planned “Buy American” policy, intensifying fears of a trade war.

The EU threatened to retaliate if the US Congress went ahead with sweeping measures in its $800 billion (£554 billion) stimulus plan to restrict spending to American goods and services.

Gordon Brown was caught in the crossfire as 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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"When the debate is lost, slander becomes the tool of the loser." - Socrates
Vita contingit, Vive cum eo. (Life Happens, Live With it.)
"Life is not measured by the number of breaths we take, but by the moments that take our breath away." -- author unknown
"De omnibus dubitandum"
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