Biden to sign executive order aimed at strengthening American manufacturing
1 month 3 weeks 6 days ago
Monday, January 25 2021
Jan 25, 2021
January 25, 2021 6:47 AM
January 25, 2021
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Source: CNN
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The pandemic s effect on the manufacturing industry has been brutal. According to the Bureau of Labor Statistics, the sector is still down 543,000 jobs since February.
But on Monday (Jan. 25), President Joe Biden hopes to begin the process that will reverse this financial crisis by signing an executive order designed to boost American manufacturing, CNN reports.
The order will initiate step one of a plan to strengthen the federal government s Buy American rules, something Biden spoke about while campaigning, pledging to carry it out were he elected. In hopes of fulfilling his promise, President
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. President Joe Biden speaks as Vice President Kamala Harris looks on during an event on economic crisis in the State Dining Room of the White House January 22, 2021 in Washington, DC. Alex Wong/Getty Images
President Joe Biden will sign an executive order on Monday that dedicated funding to the federal government s procurement of American goods.
Biden touted a $400 billion investment while on the campaign trail to purchase American-made items that focused on clean vehicles and infrastructure.
Foreign trading partners worry this policy will be harmful for supply chains, but Biden has reiterated his commitment toward working with allies on trade practices.
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Biden signs executive order aimed at strengthening American manufacturing
President Joe Biden signed an executive order Monday aimed at boosting American manufacturing, setting in motion a process to fulfill his campaign pledge to strengthen the federal government’s Buy American rules.
Similar executive orders signed by former President Donald Trump had little effect because his administration waited to formalize changes until his second to last day in office. By contrast, Biden has set a 180-day deadline to deliver on fundamental change to the process, according to an administration official.
“I’ve long said that I don’t accept the defeatist view that the forces of automation and globalization can keep union jobs from growing here in America,” Biden said at a news conference before signing the order.