What Biden's 'Buy American' executive order means for US small businesses - Business Insider

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What Biden's 'Buy American' executive order means for US small businesses

— meant federal spending only became more confusing and unfair for smaller firms under his administration.

Biden's order encourages the government to spend more on small businesses by calling for an increase in the allowable price difference between domestic and foreign goods and services. In essence, a federal agency would need to find a much lower price in order to buy something from a foreign company instead of a domestic one.

"If an agency wants to issue a waiver to say, 'We're not going to buy an American product as part of this project; we're going to buy a foreign product,' they have to come to the White House and explain it to us," Biden said.

 

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Signing blank papers 🤭

What a good way to stagnate the entire United States economy…

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