EU warns US: Can't 'just buy American made'

by:Gewinn     2022-05-02
According to the British 'Financial Times' report, the European Union recently warned the United States that if the US government continues to promote the 'Buy American' (Buy American) clause in its future economic stimulus bill, the EU may file a trade lawsuit against the United States. In programs funded by the U.S. stimulus bill, the government requires companies to use U.S.-produced steel and manufactured products. This could spark a wave of protectionist measures in other countries. EU officials expressed concern. If the measure triggers retaliation, the U.S. will lose more jobs than it creates, according to a study by two trade experts from the Peterson Institute, a leading Washington think tank. The European Commission said it would examine the legislation to determine whether it violated the World Trade Organization treaty signed by the United States, the European Union and Japan. Signatories to the GPA must open government contracts to foreign businesses. EU trade spokesman Peter Bauer said: 'If the terms that eventually pass the Senate and are approved by US President Barack Obama violate the terms of the Government Procurement Agreement (to which the US is a signatory), we will have to Consider appealing to the WTO.' While the 'Buy American Made' clause has long been part of U.S. law, the Senate version of the stimulus bill proposes a step further. The rules have sparked divisions in the U.S. business community and within Congress. On February 2, Senate Republican leader Minch McConnell attacked the provision. “I don’t think we should take advantage of a measure that is timely, temporary, and sure to spark a trade war,” he said. “It’s a very bad idea.” Also, while the U.S. steel industry strongly supports this provision, it represents a transnational The company's business federation expressed dissatisfaction. The U.S. government has so far not made a clear statement on the 'Buy American Made' clause, but U.S. Vice President Joe Biden has defended the principle. The U.S. Trade Representative's office said it could not comment until the U.S. resident trade representative took office.
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