|There are two main objectives of the Buy American Order are to stimulate USA manufacturing by tightening requirements that industries use American made goods and to also review the current visa policy for skilled immigrant workers. |
July 11, 2017
Last month, President Trump’s office released his much-anticipated Buy American, Hire American executive order. The new order is meant to protect American jobs, by encouraging companies to buy and sell American-made products, and by reviewing the country’s H1-B visa program for highly-skilled workers.
The president campaigned heavily on a promise to revive American industries, and create American jobs. This new executive order will kick-start that process, according to the White House. So what’s included in the Buy American executive order, and what effects could it have on American transportation?
America Workers, American Goods
The Buy American order includes two main objectives: to stimulate USA manufacturing by tightening requirements that industries use American-made goods, and to review the USA’s visa policy for skilled immigrant workers. Its language is broad, and how it will be enacted and enforced remains to be seen. However, American industry across the board will likely see more scrutiny in the coming months, especially regarding where they buy their goods, and who they hire.
For the transportation industry, there may be a crackdown on vouchers for foreign-made goods, which transportation projects use to buy imported goods when they can’t find what they need made in the USA. Initially, this could drive the cost of projects up. However, it depends on how seriously the executive branch decides to enforce the order, whether they have the support of Congress, and what they find out during their assessments of the transportation industry in the coming months.
Steelworkers are particularly interested in Trump’s Buy American order, because he’s promised to use it to bolster US-made steel. Trump signed the executive order just a day before an important directive about foreign-made steel, which skyrocketed USA steel stocks. This directive calls for a probe into whether foreign steel is a threat to national security. It’s expected that the Trump administration will use both initiatives to crack down on transportation, and other infrastructure-related, projects that use foreign steel.
|Tags: Buy American Made America Workers American Goods Buy American Executive Offer|
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