Worried Canada presses U.S. over Buy America steel plan: sources
Source: Reuters
Tue Mar 21, 2017 | 10:58am EDT
By David Ljunggren | OTTAWA
Canada's government, under pressure from domestic steel firms, is expressing concern to U.S. officials about a proposed Buy America policy that could cause heavy Canadian job losses, people familiar with the discussions told Reuters.
U.S. President Donald Trump, who wants firms to "Buy American and hire American," pledged in January to require new pipelines to use U.S.-made steel. Canadian steel firms fear Trump's plan could badly hurt a highly-integrated North American industry, and are pressing Ottawa to take action, the people added.
Canadian Foreign Minister Chrystia Freeland raised the issue with U.S. Commerce Secretary Wilbur Ross in their first conversation on March 9 and underscored worries about potential job losses, said a source familiar with the matter.
A statement issued after the meeting merely said that Freeland had highlighted "the mutual benefits of the integrated Canada-U.S. steel industry" but made no mention of the conversation about job losses.
Read more: http://www.reuters.com/article/us-usa-nafta-canada-steel-idUSKBN16S1U0?il=0
yeoman6987
(14,449 posts)Kingofalldems
(38,452 posts)Did you not know that, yeoman6987?
yallerdawg
(16,104 posts)Nothing reminds us more of the feckless lying emptiness at the core of Republicanism than when they get in power.
"Free markets, competitive markets lower costs!" - no, we're going to regulate and require specific sources contrary to our professed free market principles.
Protectionism creates artificial, exploitive price structures - are US steel pipeline materials going to go down in price when the competition is eliminated?
Let's ask the pharmaceutical companies, shall we?
Yes, this is potentially great for some American workers - but is it great for America?