Encouraging Americans to buy American made products could be

Encouraging Americans to buy American made products could...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Jeffrey Welter 23JUL06 BUS-115 Encouraging Americans to buy American made products could be considered patriotic in one sense. On the other hand, America is the “land of the free” and there aren’t any laws regarding where or what we purchase. Many American companies have their manufacturing plants overseas. By simply buying products made in the United States of America would also hurt many other American companies. Hurting American business would not be patriotic or in the interest of our nation. Also, the American companies that have manufacturing plants overseas can often offer their product for a cheaper price than the companies that keep manufacturing the product in the United States. Protective tariffs would make the price of foreign products higher which would help out the American companies. “These tariffs are meant to save jobs for domestic workers and to keep industries (especially infant industries, which consist of new
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: companies in the early stages of growth) from closing down entirely because of foreign competition. (Nickels, McHugh, and McHugh, 87) Back to being patriotic, we as Americans can not preach that our economy is great and fair and then put tariffs on goods to help ourselves out. The balance of trade would be affected also because of the fact that the demand for imported goods would decrease due to the high price after the tariff was applied. Japan, for instance, steadfastly argued that it had some of the lowest tariffs in the world and welcomed foreign exporters, yet for many years American businesses found it difficult to establish trade relationships with the Japanese. (Nickels, McHugh, and McHugh, 88) Even with low tariffs, the market is affected greatly which also then affects the balance of trade. Works Cited Nickels, McHugh, and McHugh. Understanding Business 7e. The McGraw-Hill Companies, 2004...
View Full Document

Page1 / 2

Encouraging Americans to buy American made products could...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online