Biden Wants to Raise Threshold for Products Considered Made in America
WASHINGTON—President Biden has proposed a rule that would change the way the federal government assesses products made in America.
Right now, the federal government has to spend tax dollars on products made in the U.S., but purchases qualify for that label with 55 percent of their materials coming from the United States. Biden is proposing raising the threshold to 75 percent by the end of the decade.