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Here's what President Joe Biden's 'Buy American' effort entails

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Loick Touankam
Loick Touankam
16 May 2021

President Joe Biden has taken steps on Monday to harness the purchasing power of the United States government, the world’s biggest single buyer, to increase domestic manufacturing and create markets for new technologies, a senior administration official said. CNBC's Kayla Tausche reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

President Joe Biden will take steps on Monday to harness the purchasing power of the United States government, the world’s biggest single buyer, to increase domestic manufacturing and create markets for new technologies, a senior administration official said.

Biden will sign an executive order aimed at closing loopholes in existing “Buy American” provisions, which structure the $600 billion in goods and services the federal government buys each year, making any waivers more transparent, and creating a senior White House role to oversee the process

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