Indos
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It turns out Biden is more hawkish than Trump in term of nationalistic economy strategy
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Under the order, government agencies will be directed to close the loopholes such as by setting tougher domestic content requirements -- the amount of a product that must be made in the United States to qualify for a purchase.
"The executive action I'm signing today will not only require that companies make more of their components in America, but that the value of those components is contributing to our economy, measured by things like a number of American jobs created and/or supported," he said.
Biden also said that the United States will be committed to working with its trading partners to "modernize international trade rules, including those relating to government procurement." He vowed to make sure that medical equipment and other essential products will be supplied domestically, saying that the coronavirus pandemic has shown that the United States "can never again be in a position where we have to rely on a foreign country that doesn't share our interest," in an apparent reference to China. "We'll work with our allies to make sure they have resilient supply chains as well," the president added.
www.thejakartapost.com
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Under the order, government agencies will be directed to close the loopholes such as by setting tougher domestic content requirements -- the amount of a product that must be made in the United States to qualify for a purchase.
"The executive action I'm signing today will not only require that companies make more of their components in America, but that the value of those components is contributing to our economy, measured by things like a number of American jobs created and/or supported," he said.
Biden also said that the United States will be committed to working with its trading partners to "modernize international trade rules, including those relating to government procurement." He vowed to make sure that medical equipment and other essential products will be supplied domestically, saying that the coronavirus pandemic has shown that the United States "can never again be in a position where we have to rely on a foreign country that doesn't share our interest," in an apparent reference to China. "We'll work with our allies to make sure they have resilient supply chains as well," the president added.
Biden signs 'Buy American' order, to replace govt fleet with electric vehicles
Some $600 billion is spent for government procurement every year, with a federal law requiring agencies to give preferences to American firms, according to Biden.
