Source: Foundation for Economic Education
by Zoltán Kész
“Economic nationalism is back in fashion. In Washington, the slogan ‘Buy American’ is the flavor of the day, promising mandatory US purchases, domestic production, and protection of ‘American jobs.’ This policy is central not only to Donald Trump’s rhetoric but also to that of the previous Joe Biden administration. It sounds good at first. No one opposes more jobs for Americans, stronger industry, and the idea of strategic independence from certain global supply chains. But all these slogans conceal the fact that the ‘Buy American’ ethos is not punishing corporations — it’s ordinary American consumers and small businesses that end up paying the price.” (06/19/25)
https://fee.org/articles/economic-nationalism-means-empty-wallets/