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  1. Protectionism versus free trade

Protectionism versus free trade

As the US House and Senate continue to thrash out details of a final version of the $800bn-plus economic stimulus package, there is relief from some of the country?s foreign trading partners that a ?Buy American? provision has been softened. However, as David Birnbaum points out, some protection is always necessary since free trade simply doesn’t exist.

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