Publications
Why Buy American Usually Doesn’t Buy Us Much
Biden has laid out his “Build Back Better” economic agenda, which includes implementing new rules to encourage “Buy American” as well as mandates to create products that are “Made in the USA.” But do these policies actually deliver on their promises to spur the U.S. economy and job market?
Facts At-A-Glance
-
5 millionmanufacturing jobs have been lost since 2000
-
51% of partsfrom the U.S. is the minimum requirement to satisfy the Buy American Act
-
All or virtually allparts of a product must originate from the U.S. to earn the "Made in the USA" label
