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EU Reportedly Considering 'New Legal Tool' as Response to Biden's 'Buy American' Order


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Sputnik International ....

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In late January, POTUS inked the so-called Buy American order, an executive action that Joe Biden said would help rebuild the backbone of America: manufacturing, unions, and the middle class .
In the coming weeks, Brussels may take a countermeasure to press EU member states to Buy European , in retaliation for Washington s Buy American drive, Politico reports.
 According to the US news outlet, the so-called International Procurement Initiative is touted as a new legal tool that stipulates sticking to the concept of reciprocity in major public contracts to shore up the EU s industrial giants.
The new law aims to effectively shut out companies from countries where European businesses are barred from tenders, leveraging the EU s giant €2 trillion [$2.4 trillion] procurement market in everything from highways and trains to public IT systems , Politico underlined. ....

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