BALTIMORE: President Joe Biden plans to sign on Monday an executive order that aims to boost government purchases from U.S. manufacturers, according to administration officials.
The United States has shed roughly 540,000 factory jobs since last February as the coronavirus pandemic hurled the world’s largest economy into recession. The goal of the order would be to use the $600 billion the federal government spends on procurement to boost domestic factories and hiring, said officials who insisted on anonymity to discuss the forthcoming announcement.
Biden’s order would modify the rules for the Buy American program, making it harder for contractors to qualify for a waiver and sell foreign-made goods to federal agencies. It also changes rules so that more of a manufactured good’s components must originate from U.S. factories. American-made goods would also be protected by an increase in the government’s threshold and price preferences, the difference in price over which the…
