Buy World

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.

Last night Mr Obama gave a strong signal that he would remove the most provocative passages from the Bill.

“I agree that we can’t send a protectionist message,” he said in an interview with Fox TV.

via President Obama to water down ‘Buy American’ plan after EU trade war threat – Times Online.

What the EU wants, the EU gets.

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