U.S. President Donald Trump speaks before signing an executive order directing federal agencies to recommend changes to a temporary visa program used to bring foreign workers to the United States
Image Source: 
REUTERS/Kevin Lamarque

by Gary Clyde Hufbauer (PIIE) and Cathleen Cimino-Isaacs (PIIE)

In calling for a policy of "Buy American, Hire American," President Donald Trump has resurrected and embellished a slogan that has been around at least since the Great Depression. But the slogan sends a poor signal to the rest of the world, undercuts fundamental economic precepts, risks retaliatory actions from trading partners, and offers a false promise to American citizens.

Photo Credit: 
REUTERS/Kevin Lamarque