U.S. Presents ‘Buy American’ Plan to Ease Supply Chain Squeeze
- Cabinet agencies, Export-Import bank to aid U.S. manufacturers
- One program will focus on pharmaceuticals, health products
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The Biden administration announced several new actions Thursday intended to ease supply-chain disruptions that have plagued the economy during the coronavirus pandemic.
The moves by the White House and several cabinet departments would aid domestic manufacturers in order to reduce the U.S. reliance on foreign imports in the coming years, though senior administration officials cautioned that Congress must enact more sweeping changes.