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US and Europe drift toward trade war

March 12th, 2010
Categories: News, World, Economic

In the wake of the financial crisis that erupted in 2008, leading capitalist nations and blocs of nations are employing increasingly aggressive forms of protectionism to advance their interests. The issue of protectionism arose sharply this week when the European aviation company EADS announced it was abandoning its bid for a $35 billion contract to build 179 tanker jets for the US military.

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