US-EU trade war looms as Barack Obama bill urges 'Buy American' - Telegraph
The EU interchange member vowed to argument back after the bill passed in the edifice of Representatives posthumous on wed included a ban on nigh purchases of foreign steel and iron used in fund projects. A spokesman for Catherine Ashton, the EU commerce commissioner, said: "We are look at the situation. The one thing we can be utterly definite about, is if a bill is passed which prohibits the sale or purchase of indweller trade goods on terra firma territory, that is something we testament not stand lazily by and ignore." contempt the parlous state of the US economy, some major american firms, including General Electric, are also opposed to the Buy American stipulations, fearing reprisals from oversea and encourage hurt to the globose economy.