Comment 28353

By Rusty (registered) - website | Posted January 29, 2009 at 14:56:30

Frank, I was wondering the same thing. I guess the US government will do whatever they can to protect the US workers, so I would imagine they'll find a way to factor in where the steel was actually made into the equation.

Jason - I think we'll hear more of that sentiment as the recession deepens. I watched Buzz Hargrove on the CBC, vouching for the auto sector. He was asking the government to subsidize Candian auto production and levy tariffs on foreign imports.

To the extent that global markets were ever 'open' during the rise of globalization I think we'll see more of these protectionist measures come into play. I think there's going to be a lot of re-tinkering with our methods of global trade.

Ben

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