“So I want to take this opportunity to be clear, to be absolutely clear: America is not pursuing protectionist trade policies, and any intimation that these programs and legislation are protectionist could not be further from the truth.”
As evidence, he cited the sheer magnitude of the Canada-U.S. trade relationship: C$3.25 billion in trade between the two countries each day, supporting millions of jobs in both, and growing by 19 per cent year over year in 2022.
He noted, as Biden often does, that Buy American policies have been on the books in the U.S. since the 1930s. They are limited to federal procurement projects, with no explicit impact on private commercial trade, and resemble similar procurement rules that exist in other countries, including Canada.
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