Covid stimulus revives calls for Washington to Buy American newsoninvest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsoninvest.com Daily Mail and Mail on Sunday newspapers.
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MERICAN TAXPAYERS’ dollars should be spent on American goods made by American workers and with American-made parts. So says President Joe Biden, newly installed in the White House. On January 25th he signed an executive order meant to pull more of the $600bn of annual federal-procurement spending into American hands. The order was protectionist in spirit: more home-made components means fewer foreign ones. But America’s international commitments also mean that Mr Biden’s measures may not have much effect.
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America’s efforts to restrict access to procurement go back nearly 100 years. In 1933 Herbert Hoover signed the Buy American Act (
Building block - President Joe Biden signs an executive order to Buy American | Finance & economics economist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economist.com Daily Mail and Mail on Sunday newspapers.