According to University of California Santa Cruz professor Dana Frank and author of the book. Buy American: The Untold Story of Economic Nationalism First published in 1999.
Sort that …
The first was born in the early 20th century. Led by “William Randolph Herz,” an influential figure in the newspaper.
By Buy American Cult Arising from the resistance of “yellow disaster” (Yellow Peri) who are Japanese workers.
The second time happened in the 1970s and 1980s. Against “Japanese car market”
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And the 3rd time, Buy American Cult Happened under the former President Trump administration That oppose and levy tariffs on imports of goods from other countries Focusing mainly on “China”
In addition to the hints of “Frank”, there is information that discovered that the Buy American cult was caused by “bias” This has long been driven through the policies of the US administration. Until it can be called “Layering” In the belief that the Americans “American made products are of superior quality!”
For example, the events of 1789 the President of the United States. Carefully selected local woven fabrics produced in America. Instead of being imported from England In order to make a suit and wear it in the inauguration ceremony
But over the past 228 years, the Buy American cult has not been put forward as a major driver. Until the wake of former President Trump. The pledge was made at the official inauguration ceremony in January 2017 and is widely known as Buy American, Hire American Both buy American goods and employ American jobs
And in this year 2021 Buy American is back again under Biden Management. Who fulfilled the promises that had been given in the campaign
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In a nutshell, Biden’s definition of Buy American is that He’ll make Buy American a reality. It closes a legal loophole that allows companies to hire and manufacture offshore merchandise known as offshore, while also enhancing their domestic manufacturing privileges.
While ensuring American citizens that Biden’s Buy American creates a bright future for manufacturers, businesses and workers through “Product production in America by American labor”
If Buy American goes smoothly Will be intertwined with other covenants That Biden has given “Investing in the American manufacturing industry” includes clean energy and a current critical supply chain. There is also a matter of paying higher compensation. And develop racial equality
From that Buy American in Biden style. It seems to be a normal economic policy. But in the view of economists, it turns out that “This is more of a protectionism political game.”
Why do they think like that?
Robert Lawrence, professor of investment and international trade Harvard Kennedy College regularly raised evidence that suggests that Many American manufacturers do not need Buy American protection and see that “Protectionism” is not driven by industry. But driven by “management”
Buy American in the era of former President Trump. It can be said that the most baffling is that it is a Buy American with “politics” in and outside the country to mix up the setting “Tax wall” That seems to be good for the country Because it has the support of many unions But it has received much resistance from the leaders of more than 300 American companies, from electronic retailers, fashion brands to streaming media providers. By reasoning that Setting up these tax walls could little by little destroy businesses. By adding costs to them
Another point of view from Erik Boheme of the Liberal magazine Reason predicts the worst case out of “Aluminum Tax” That makes “Higher cost” Cost of US $ 690 million, or about 20,000 million baht, will create just 300 jobs and that will definitely result. Start with declining profits And it is possible that it may even have to be terminated
But that’s just a forecast. In fact, Buy American could actually create jobs. And generate enormous income for America Because the Biden administration has promised that Buy American will create sustainable and quality growth.
And Americans are ready to fully support the American industry. The survey shows that about two-thirds of Americans agree to pay more for American-made goods than imported. With the idea that Buying American products is also a promoter of American employment.
But it is interesting that Regardless of which party is a government The United States did not leave the Buy American policy ever, or this will be what it said. Pride in “Made by American” is deeply rooted.
The Answer by Thairath Online News Team
Interesting news:
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