Compare And Contrast The Buying American Act Of 2003

When I think of what buying America means, the first thing that comes to mind is actually buying America. Buying the country and making the parts that are going downhill and making it whole again. The parts that are making America not good again and the government trying to piece it all together again. When also thinking of producing goods from just the U.S. I know buying goods from other countries can get expensive especially from other countries and exporting them to come into the U.S can get pricey even with all the inflation rates that have been going around and having to up the prices on everything. With the prices of everything rising, Americans are less likely to not buy their products and companies are stuck with tons of unwanted goods.

by the U.S. federal government, but the value of the goods has to be worth more than 10,000 dollars. The requirement is to purchase any iron, steel or any other manufactured products that are permanently incorporated into infrastructure projects. The Buy American Act of 1993 applies to all the U.S. federal government agencies that purchase goods that are valued over the U.S. This Act requires that all goods be produced in the U.S. For the goods to be considered being produced in the U.S., they must be manufactured in the U.S. and 50% of the cost must come from the U.S. There are exceptions when it comes to this act, waivers can be granted to the public interest or if the product price point in U.S currency is not reasonable compared to the price if buying forego products. Over the last couple years, the U.S. Congress has enacted a number of Buy American Acts requiring the purchases of iron, steel and other manufactured products that are used in other projects that get federal funding from certain agencies and departments (Canada). This is all from the government of Canada. But let's get into the importance of buying products that are made in the

More jobs equals more money being invested in their local economies. This also means that there will be increased tax revenue,more investments in local economies and more job opportunities across the world. There is also a lower trade and budget deficit. The U.S. has a looming trade deficit, which means that the United States imports more than it exports. This can lead to a lot of debt with other countries and unsustainable borrowing. When supporting domestic businesses, it helps tackle the federal budget deficit to continue to build steeper national debt and strain the economy. Having American made products helps increase the demand for domestic products (Pahs). Buying an American has a lot of benefits and can really help the country a lot. Another good reason why buying American products will make Americans better off is because when buying goods that come from USA products you support manufacturers and American workers working in safer environments. Foreign labor usually allows unsafe working environments and buying American allows this not to