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Sustainability of growth has to begin at home. What will the American work on the production of if all that the US does is import. Starting from agriculture, US needs to strengthen its vines and agro produce, thereafter its auto followed by consumer durables and FMCG sectors. Unless the Americans are employed soon enough, they will be no demand for what the keep on importing. It would be selfish on the part of the EU and Canada to want the US to import at such a time.
Not so long ago, M.K. Gandhi called for making village as the unit of an economy. It would automatically, among other things, create employment and facilitate domestic production, specialization and consumption.
After all, there is a limit to offshoring, you see!!
References:
Canada warns US over protectionism 'contagion'
US House's Hoyer:"Buy American" worries justified
Europe and Canada warn US over 'Buy America' clause
Not so long ago, M.K. Gandhi called for making village as the unit of an economy. It would automatically, among other things, create employment and facilitate domestic production, specialization and consumption.
After all, there is a limit to offshoring, you see!!
References:
Canada warns US over protectionism 'contagion'
US House's Hoyer:"Buy American" worries justified
Europe and Canada warn US over 'Buy America' clause
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