[GT Online] President Biden Wants Federal Government to Revise “Made in America” Standards

Written by: 西枫westca

Proofread by: Ermat

Image Source:bbc.com

President Biden on Wednesday suggested standards for the federal government to use when purchasing products. The proposal would require that in order to qualify as “Made in the U.S.”, at least 60% of a product’s components should be produced domestically, the Washington Times reported July 28. The figure was 50 percent under the Trump administration. That percentage would have to reach 75 percent by 2029.  The proposal also requires government contractors to provide details on the proportion of domestic manufacturing within their products. This action will facilitate the recovery of the domestic industrial chain in the United States.

If this recommendation is implemented, it will apply to almost everything the federal government buys, from helicopter blades to office furniture. One administration official said the proposed measures would also ensure that the U.S. tax system helps U.S. companies compete. The changes would “accelerate innovation in U.S. businesses.”

The CCP once claimed that the United States and the world  cannot do without China. In the past 20 years, “Made in China” has been a major player in every corner of the world, from everyday products to life-threatening medical protection equipment. China’s industrial chain appears to be indispensable. If the United States passes this bill, it will be a serious blow to the CCP’s economy. 

Source: Biden tightens rules requiring federal government to buy more American-made products

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

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