Economy
September 21, 2017
‘Buy American’ Rules Stir Debate
Written by Tim Triplett
Are “Buy American” policies good for the U.S. economy and the U.S. steel industry?
President Trump issued an executive order in April instructing all federal agencies to conduct comprehensive assessments aimed at cracking down on weak enforcement of Buy American policies, and targeting the abusive use of waivers and exceptions that undermine Buy American laws. Fulfilling a campaign promise on infrastructure investment, he asserted, “We will have two simple rules when it comes to this massive rebuilding effort, buy American and hire American.” His executive order drew a number of responses from business and industry in a comment period that ended this week.
