U.S. Competes Act locks out U.S. consumers from good deals: Kenyan expert

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U.S. Competes Act locks out U.S. consumers from good deals: Kenyan expert

STORY: U.S. Competes Act locks out U.S. consumers from good deals: Kenyan expert DATELINE: June 3, 2022 LENGTH: 00:01:45 LOCATION: Nairobi CATEGORY: SOCIETY SHOTLIST: 1. SOUNDBITE (English): Beatrice Matiri-Maisori, Senior economics lecturer at Kenya's Riara University STORYLINE: A so-called "America COMPETES Act of 2022" was passed by the U.S. House of Representatives earlier this year. Observers say this act is steeped in Cold-War mentality and zero-sum game mindset, which could lock out U.S. consumers from good deals. SOUNDBITE (English): Beatrice Matiri-Maisori, Senior economics lecturer at Kenya's Riara University "I think the U.S. Act is really geared to closing out the U.S. firms, value chains engagement with the rest of the nationalities. Because I don't think you can sell everything that you produce to yourself, you have to sell to the rest of the world. When I look at U.S. and the values that they have already talked about, the market economy, the free market economy, it gets a little confusing

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