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Originally posted by marg6043
Just look at the millions of jobs that US has lost since NAFTA came to be.
That alone should be enough to show the Canadian people to fight this with everything they can find.
Disputes on softwood lumber have simmered for more than 20 years, but the most recent conflict boiled over in May 2002, when the United States imposed duties of 27 per cent on Canadian softwood lumber, arguing that Canada unfairly subsidized producers of spruce, pine and fir lumber.
An agreement in principle to end the dispute was reached in December 2003, but it collapsed two days later. The issue went before North American Free Trade Agreement panels and the World Trade Organization several times. Rulings have usually gone Canada's way
The “buy American” clause inserted into the House version of the $819 billion stimulus package is causing concern among some world leaders, who are claiming the provision could start a rush to protectionist measures, according to the New York Times.
Those same world leaders, however, have a long track record of using subsidies, tax benefits, value-added taxes and other forms of incentives to aid and protect their own industries. As America is attempting to do something similar to save millions of jobs, it is the height of hypocrisy for them to criticize America. The “buy American” clause is fair, necessary and a small first step to level the playing field in trade. World leaders don’t seem to see it that way.
The French have a very long history of protecting companies it dubs “national champions” from takeovers by foreign competitors as well as providing extensive subsidies to farmers.
The British have been nationalizing their banking industry and forcing multinational banks to lend less internationally to focus on British businesses and citizens.
Indonesia has recently put up trade barriers to protect its domestic production of electronics, garments, toys and footwear.
France, Britain and Sweden have long histories of subsidizing their respective domestic auto making industries.
Both Korea and Japan are well known for putting up barriers to make it nearly impossible to sell American made cars inside their countries. In fact, in 2006 the U.S. sold just 5,000 cars in South Korea while the South Korean automaker Hyundai sold 600,000 in the U.S.
China has been known to purposely undervalue its currency in order to keep the price of its manufactured products cheaper than that of its competitors.
Originally posted by marg6043
reply to post by Lug
Its about time that America stop the leaching of its wealth to the rest of the world.
By the way things are looking it seems that the purpose of the rest of the world is to see America fall apart.
As an America right now I see what is happening around me, we has been taken advantage off for far too long.