It’s China We Love!
Uhh… Japan and Australia don’t want us to “Buy American” (ya know, that little protectionism thing) because, well, THERE WOULD BE A TRADE WAR!
Japan and Australia warn on “Buy American,” protectionism
By Yoko Kubota
TOKYO (Reuters) – Japan and Australia expressed concern on Thursday about protectionism stemming from the “Buy American” provisions in Washington’s mammoth stimulus measures aimed at helping pull the U.S. economy out of recession.
Australia warned the move to protect U.S. iron and steel makers would lead to a retaliatory trade war, while Japan sent a letter to top aides of U.S. President Barack Obama and the Senate’s majority and minority leaders echoing concerns by other U.S. trading partners.
“The common responsibility shared by the two countries, which are the world’s No.1 and No.2 economies, is to resist protectionism together,” Japan’s chief cabinet secretary, Takeo Kawamura, told a news conference.
The letter was sent to U.S. Secretary of State Hillary Clinton and head of the National Economic Council Lawrence Summers, as well as the Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell, from Ichiro Fujisaki, the Japanese ambassador to Washington, Kawamura said.
Japan is the fourth biggest exporter to the United States, after China, Canada and Mexico.
The deepening global financial crisis and the failure to complete the World Trade Organization’s long-running Doha round to free up global commerce, have raised fears that countries will block imports to protect jobs.
Well! So basically we should all work together in this crisis for the good of us all. Sounds good. Guess what? NOT GONNA HAPPEN!
What’s going to happen is our government leaders will continue to wrap thick-sliced bacon around DA STIMULUS until it’s heavy enough to split the planet. While Americans will continue to loss jobs and income while still viewing commericials telling us to BUY and companies will keep failing and Americans will get pissed and President Obama will start drinking and folks will start drinking more and we’ll all keep shopping at Wal-Mart cause CHINA LOVES US AND WE LOVE CHINA!
Sorry Japan and Australia, we’re China’s byatch! Why do you think so many Chinese food restaurants are in the good ol’ USA?
The US is distress. Buying American is necessary but we do not want to jeopardize our trade relations with other countries. This is a catch 22 situation.
What we need to do at this moment is what’s best for home. Japan and Australia can kiss a US azz as far as I’m concerned right now. We are suffering.
you so stupid. i know i think i bought the wrong rosetta stone. instead of japanese i should’ve purchased chinese. from arigatou gozaimasu to che-che ni (totally spld wrong)