The Congressional bailout of the American auto industry may be at odds with longstanding U.S. foreign policy. The U.S. has urged the world to resist protectionism. But now that the U.S. is engaging in protectionism of its own, foreign policy may be influenced.
Bruce Kogut, a professor at Columbia University’s Graduate School of Business, discusses whether or not protectionism will ultimately hurt the American automotive industry if foreign automakers tax imported American cars.
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