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Biden to tout tougher "Buy American" rules in visit to Mack Trucks plant

Stock MarketsJul 28, 2021 10:47AM ET
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© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks to members of "the intelligence community workforce and its leadership" as he visits the Office of the Director of National Intelligence in nearby McLean, Virginia outside Washington, U.S., July 27, 20

By Andrea Shalal

WASHINGTON (Reuters) -President Joe Biden will tour a Mack Trucks plant in Pennsylvania on Wednesday to hammer home the importance of American manufacturing and unveil new rules that will gradually boost the U.S. content of goods bought with taxpayer dollars.

Biden will meet with local members of the United Autoworkers Union (UAW), which represents 85% of the 2,500 workers at Mack Trucks' Lehigh Valley plant, and receive a briefing on the new electric-powered garbage truck the company is piloting in New York City and North Carolina, the White House said.

The Democratic president signed an executive order during his first week in office in January aimed at harnessing the vast buying power https://www.reuters.com/article/us-usa-biden/biden-signs-buy-american-order-pledges-to-renew-u-s-manufacturing-idUSKBN29U0Z3 of the federal government - the world's biggest single buyer of consumer goods - to bolster U.S. manufacturing.

The new rules unveiled Wednesday followed dozens of meetings with industry and interagency discussions over the past 180 days, officials said. They would expand existing "Buy American" provisions, which apply to about a third of the $600 billion in goods and services the federal government buys each year.

If approved, they would raise the minimum U.S. content for manufactured goods from 55% to 60% immediately, and then to 65% in 2024 and 75% in 2029.

"This proposal will strengthen procurement as a tool to strategically shape markets and accelerate innovation," a senior administration official said. "The future of our economy depends on continuing to make smart investments, giving our workers and companies the tools they need to compete."

UAW President Ray Curry welcomed the new proposal, saying the president was making good on his promise to focus public policy on shoring up good-paying union jobs for Americans.

"Joe Biden understands what it means to prevent companies from off-shoring those jobs and making sure that we reverse the trend," Curry said in a statement. "Welcome Mr. President.”

Interested parties will have 60 days to comment on the changes before the rule is finalized, the officials said.

The rule also proposes enhanced price preferences for certain critical products and components, a move that officials said would help bolster domestic production of critical goods and materials.

And it would boost transparency by requiring manufacturers to report the total domestic content of their products, instead of simply certifying that they meet the content threshold.

The new rule would not apply to services, which account for more than half the annual $600 billion in government procurement by the Department of Defense and other agencies, officials said.

Nor is it expected to have an immediate impact on supply chain bottlenecks such a global shortage of semiconductors that has slowed auto manufacturing and boosted inflation.

The officials said the Biden administration would continue to address those logjams through other measures.

Private sector initiatives to boost purchases of U.S.-made goods have floundered in recent years, given challenges in sourcing products at competitive prices.

Walmart (NYSE:WMT) Inc, for instance, had committed in 2013 to buy $250 billion in U.S. goods by 2023, but dropped the “Made in USA” logo from products on its website just two years later after a critical probe by the U.S. Federal Trade Commission.

Biden to tout tougher "Buy American" rules in visit to Mack Trucks plant
 

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Comments (12)
Connecticut Yankee
A_Jaundiced_Eye Jul 28, 2021 2:33PM ET
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"...and receive a briefing on the new electric-powered garbage truck the company is piloting..." They can test the truck by hauling away the Democrats entire "Evil America" program. Make Bernie Sanders the driver and Pelosi the filler.
Anders Nordström
Anders Nordström Jul 28, 2021 2:00PM ET
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Mack trucks isnt even american, it's part of volvo group
Eudon Hickey
Eudon Hickey Jul 28, 2021 1:44PM ET
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Ask biden to say “buy american” five times fast
me ish
me ish Jul 28, 2021 12:32PM ET
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it's all very well have a buy american policy, but wall street and US corporations have farmed everything out to China for the past twenty years, ensuring the US now has a very formidable dictatorship foe whilst the US has basked in cheap imports so they can continue to destroy the Earth through mass consumption - now the whole world suffers due to climate change that Trump and many other politicians on both sides of the political spectrum have denied or ignored due to funding by big oil - it's one huge mess just massive greed by the powerful whilst not caring about others or the entire health of the planet - for pathetic short term profit.
Eudon Hickey
Eudon Hickey Jul 28, 2021 11:59AM ET
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“Buy American” sounds a lot like “America first”. Trump had good policies
Felipe Daniel
Felipe Daniel Jul 28, 2021 11:28AM ET
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Biden works for China
TL Chan
TL Chan Jul 28, 2021 7:00AM ET
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American has the say because CCP mainly mainly took up the last part of the mfy and then ship the finished goods to US. If US stop ordering from CCP, it will be destroyed !
milena villa escobar
milena villa escobar Jul 28, 2021 7:00AM ET
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Ok Chan, time to switch to decaf
sam procopio
sam procopio Jul 28, 2021 6:54AM ET
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the trade agreement isn't worth the paper it's written on canada must respond with minimum canadian content on all goods sold in Canada that will set them off
Silence Dogood
Silence Dogood Jul 28, 2021 5:57AM ET
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lol - Dems only know how to sell out American factories and workers.. He's a vegetable and a fraud..
Jo Pa
Jo Pa Jul 28, 2021 5:44AM ET
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America lost a large percentage of manufacturing jobs under Joe during the Obama years. He's just plagiarizing Trump.
Gervais Christopher
Gervais Christopher Jul 28, 2021 5:28AM ET
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Jab the American worker...right Joe?
David David
David9 Jul 28, 2021 5:27AM ET
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buy American...well, the money will not go that far...instead of buying 5 of something, they will get only one...
Trevor Roberts
LimitUp Jul 28, 2021 5:27AM ET
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Buying cheap Chinese junk wont last forever
 
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