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Manufacturers want Biden to boost ‘Buy American’ practices
Biden pledges to undo Trump’s policies on first day in office
Newsweek opinion editor Josh Hammer, Reason Magazine editor-at-large Matt Welch offer analysis on ‘WSJ at-Large’
President-elect Joe Biden is pledging to use the power of the federal government to buy American goods and jump-start domestic manufacturing. Some companies say rules that are too restrictive could raise their costs and complicate supply chains for items not made in the U.S.
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Biden’s “buy American” proposals echo those of previous presidents, including President Trump, who issued executive orders to spur more federal purchases of U.S. goods and sought to use tariffs to disadvantage foreign producers. The results for companies have been uneven, with some benefiting from increased sales and others dealing with higher expenses.
Biden said during his campaign and in a speech after the election that he would tighten “buy American” rules. He has proposed $400 billion in federal spending on infrastructure projects that use American products such as domestically made steel and protective gear for medical workers battling the coronavirus pandemic. He has also proposed that Congress devote an additional $300 billion to research and development of new products.
“From autos to our stockpiles, we’re going to buy American,” Biden said in November.