60 Minutes Buy American -

: The primary objective is to prevent job losses to cheaper overseas competitors like China and Russia.

: More recent reporting on industries like U.S. shipbuilding (March 2026) reveals that protectionist policies can artificially inflate costs. For instance, building a ship in the U.S. can take twice as long and cost up to five times as much as in South Korea or China due to outdated infrastructure and a lack of local supply chains. The National Security Dimension 60 minutes buy american

Despite the domestic appeal, 60 Minutes highlights significant downsides. Economists and exporters warned that "Buy American" clauses could trigger a global "trade war". : The primary objective is to prevent job

60 Minutes on US Shipbuilding and the Jones Act - Cato Institute 60 minutes buy american