US Ambassador: Biden’s Buy American plan won’t have much impact on Canadian industry

U.S. President Joe Biden recently announced plans to prioritize American-made products through the “Buy American” initiative. The plan has raised concerns about the potential impact on Canadian industry, but according to the US Ambassador to Canada, the impact on Canadian businesses will be limited.

The ambassador said in an interview that the majority of products covered by the Buy American Initiative are not made in Canada and that the plan is intended to boost American industry and not harm other countries’ industries. The Ambassador also emphasized the strong relationship between the United States and Canada and the mutual benefits of trade between the two countries.

While it is true that some Canadian industries may be affected by the Buy American Plan, the Ambassador’s statement suggests that the overall impact on the Canadian economy will be limited. The news may come as a relief to Canadian businesses and industry that were worried about the initiative’s potential consequences.

In conclusion, the US Ambassador to Canada said the impact of President Biden’s Buy American Initiative on Canadian industry will be limited. Although some Canadian companies may be affected, the majority of the products covered by the plan are not manufactured in Canada and ties between the two countries remain strong.