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May 15, 2013

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Mike

"Buy American" also misses the reality that such policies hurt the Canadian economy. Most Americans don't realize that because Canada is the US's largest trading partner, hurting the Canadian economy in turn hurts the American economy, often the very industries that "Buy American" purports to help.

Michael W Kruse

Agreed. American protectionism doesn't just hurt Americans. It hurts trading partners as well. If we are to truly think globally, then on balance protectionism is bad for everyone. I say on balance because selective use of protectionist policies for a time may be of use to emerging economies but the general theme of open exchange still holds.

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