US stimulus plan may create trade barriers
By Diao Ying | China Daily | Updated: 2009-02-16 07:33
The "buy American" products only clause in the $787-billion US economic stimulus package will create a number of trade barriers and hurt exports powerhouses such as China, economists said yesterday.
"Trade protectionism will rise definitely," Mei Xinyu, a trade expert with the Ministry of Commerce, said.
"The trend will last for some time," he said, referring to the "bell cow" effect of the US stimulus package.
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