Protection of American markets for labor, goods and services is increasingly an issue for global companies, as the U.S. government seeks to support American business interests.  Recently entering the spotlight, the final version of the American Recovery and Reinvestment Act (ARRA) contained a “buy American” provision mandating that all of the iron, steel and manufactured products used in ARRA-funded building and public works projects be produced in the United States.  Beyond ARRA, protective regulations come in many flavors and sizes, including immigration restrictions, import and export quotas and tariffs, and anti-dumping legislation.  Yet even though protectionism is intended to support U.S. business at the expense of international competitors, some home grown companies actually report that they are harmed by such measures.  Others report fearing retaliatory tariffs from governments abroad in response to U.S. protectionism.  The impact of protectionist policies is a hot topic for in this year’s disclosures. We at Westlaw Business have compiled a list of resources to assist you as you prepare your 10-Ks.

Published: March 26, 2009