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ARTICLE · 05 FEBRUARY 2021

The Future Will Be Made In America

On January 25, President Biden signed an executive order meant to pull more of the $600bn of annual federal procurement spending into American hands.

United StatesGovernment, Public Sector

On January 25, President Biden signed an executive order meant to pull more of the $600bn of annual federal procurement spending into American hands. This "Buy American" order is populist in appearance: American taxpayers' dollars should be spent on American goods made by American workers and with American-made parts and protectionist in spirit: more American manufactured goods mean fewer foreign ones. But America's international commitment, and the devastating consequences of Covid-19 to America's supply chains, also means that Mr. Biden's measures may not have an immediate effect.

Biden's new "Buy American" plan will make it more difficult for federal agencies to contract with companies overseas to purchase foreign products by reducing loopholes and waivers in existing Buy American rules. During the presidential campaign, President Biden shared his commitment to protect America's economy by modifying the Buy America Act calling for a $400 billion, four-year

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