The Biden administration completed rules that would speed up federal procurement policies to require a higher level of American-made products.
The new requirements, which President Biden highlighted during an event at the White House Friday, will mean that products obtained under the “Buy American” program will need to have at least 60% of the value of components made in the U.S., up from the current threshold of 55%. The rules will increase that standard to 65% in 2024 and 75% by 2029, the White House said.
“We’re going to buy American—buying American products to support American companies,” Mr. Biden said. “By the way, these are the best products in the world.”
Business groups criticized the rule changes when they were first announced in July, saying that government mandated increases will be inefficient and costly.