Europe Warns Against 'Buy America' Clause

Washington is planning billions in subsidies for the ailing automobile industry, and the US Senate is debating a 'Buy American' provision in its economic stimulus package. The European Union fears the US is trying to seal off its market -- and is using its diplomatic arsenal in a bid to stop the move. The European Union is unhappy about a "Buy American" clause in the United States bailout program making its way through Senate this week that officials say reeks of protectionism and could...Full Story
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