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What is Biden’s ‘Buy American Rule?’

Published

5 years ago

July 29, 2021

US President Joe Biden has used an address in Pennsylvania to unveil a plan to boost American-made products with the Buy American Rule

The Biden administration is pushing to support US manufacturing companies, strengthen the sector and get more Americans into work with the proposed ‘Buy American Rule’.

This follows the administration announcing that the threshold of products that qualify as “American-made” will also be increased.

Speaking in Pennsylvania, Biden says “if you give an American worker just a chance, there’s nothing they won’t do”

.@POTUS visiting this PA @MackTrucks facility where he will tout his proposed Buy American rule changes that his administration says will “grow more”American companies; create more union jobs for American workers; & secure critical supply chains for products like semiconductors. pic.twitter.com/Ub3g7Csy5t
— Fin Gómez (@finnygo) July 28, 2021

“The Federal government is a major buyer in a number of markets for goods and services, including the single largest purchaser of consumer goods in the world,” said a POTUS statement.

“Leveraging that purchasing power to shape markets and accelerate innovation is a key part of the Biden industrial strategy to grow the industries of the future to support U.S. workers, communities, and firms”.

“Today, I’m placing my bet on America.”

While the country will keep its trade corridors open with other countries, Biden warned America needs to have a resilient supply chain of its own so it’s never at the mercy of another country for critical goods.

The President also used the opportunity to praise the recent bipartisan infrastructure bill following both Republican and Democratic senators announcing that they had reached a deal with the White House.

Read more news about President Biden here.

Related Topics:america biden Featured Politics

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

19 hours ago

January 30, 2026

Harvey Vargas

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

Published

2 days ago

January 29, 2026

Harvey Vargas

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

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#FederalReserve #InterestRates #Economy

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Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

Published

2 days ago

January 29, 2026

Harvey Vargas

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy