Aussie trade threatened in Obama’s $1.2 trillion stimulus package

By Adeline Teoh · 18 February 2009 · News

Aussie trade under threat: What's in the US stimulus package?

The US has just signed a massive $1.2 trillion stimulus package, but it comes with a worrying provision that could impact Aussie trade. Will our exports be affected?

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Summary

US President Barack Obama has signed The American Recovery and Investment Act, a US$787 billion (A$1.2 trillion) economic stimulus package that will combine new infrastructure spending and tax breaks for the purposes of creating more than 3 million jobs. But the bill includes a Buy American provision that will affect US trading partners. The Buy […]