What’s the Real Story With All the “Buy American” Hype?

19/08/2020 13 min

Listen "What’s the Real Story With All the “Buy American” Hype?"

Episode Synopsis

Since the 1930’s, “Buy American” rules have required that the U.S. government purchase goods – from cars and computers to planes and paper –  that are made in the United States.  But these rules that recycle our tax dollars to support jobs and promote domestic innovation have been severely undermined by our trade policies in the last few decades.
Today, “Buy American” really means that companies and products from 60 countries must be given the same access to the almost $600 billion spent annually in U.S. government contracts as U.S. firms and products. Effectively, we now outsource our tax dollars to support jobs in other countries. 
On this episode, we unpack these policies and examine both Donald Trump and Joe Biden’s recent Buy American policy proposals.
Learn more at rethinktrade.org.
Music: Groove Grove by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/3831-groove-groveLicense: http://creativecommons.org/licenses/by/4.0/