You're watching...
Underwater Kinetics founder Alan Uke on American-made products and how they could eventually eliminate unemployment and the trade deficit.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
RA small what products you book idol label telling you exactly where they would -- would you be more inclined to buy things made in America.
Our next guest seems to things -- -- says adding those labels can actually add jobs believe cannot shrink our trade deficit.
Joining us now hi -- UK under -- kinetics founder and author of the book buying America back.
Sara thank you for being with us you know my division we're talking this morning said he went to -- -- But -- -- -- -- said it was made in Pakistan but my guess is he still went home with the -- do you actually think it's gonna make a difference.
Well there's two things to this -- first of all.
It matters which country you're reporting things from because some countries like China only by 25 cents in the dollar from what we buy from them.
And other countries basically I'd even trade with us so if you just switcher imports from one country that I -- American goods you're building exports.
Sector of US market.
So and since half the things we -- now -- United States are made overseas just buying from a different country that has better trade ratios with the United States can.
Create a huge number of jobs and the other part is yes you should be looking for American -- and right now because it just has made America are not.
You can't look for percentages of those little percentage is -- Understandably and you know -- this first person.
Sam wanna be patriotic but at the same time the summer and a business I had a look at my bottom line and if it's cheaper to make something in India I think that's from gonna make it.
Well actually again it could be a different foreign country that has -- labor cost but they buy a lot of American products and so we've built our exports.
But the other thing is that.
What happens very often is that when your store.
Some of the stuff you could buy.
Actually is about the same price tremendous for a higher price being American made -- to last longer.
But because you don't have a breakdown percentages and now everything in the world seems we may all over the world.
The consumer has no handle on which ones are better paid for quality or even better for the US economy.
And it's about time that we update the labels that we were made -- that basically.
Few decades ago -- -- represents what's going on the world now just an international economy.
Just be cleared quickly Allen the products you make for your -- -- kinetics company.
-- -- scuba gear and things like that you make some mere step over using overseas companies -- don't you.
Yes we do well what are -- majority US contents we do mostly operations here with something to -- from overseas but.
Let's say for example are now putting these numbers down -- what happened is fight.
Knew that might products have 70% 80% American contents of saying it was a hundred right now this -- -- USA.
What would happen in -- -- pay a little bit extra to get some American suppliers and replace some its foreign suppliers and then I can make it a 100%.
And remember the US economy's 151000000000010.
Trace consumer spending.
5% shift in consumer spending seven million jobs -- an -- how minor changes.
I understand completely unfortunately we have.
Bottom lines that companies are fine with these days but I love your thoughts on UK thanks -- -- -- us thank you for.
