US Recommends Using Only American Steel for Infrastructure Construction

[Image source=AP Yonhap News]

[Asia Economy New York=Special Correspondent Joselgina] The Joe Biden administration in the United States plans to recommend using only American-made steel and components for infrastructure construction within the U.S.

On the 18th (local time), the Associated Press reported that President Biden will announce a recommendation allowing spending only on American-made materials related to the $1 trillion (approximately 1,235 trillion KRW) infrastructure support budget. However, if the materials are not produced in the U.S. or the supply is insufficient, or if the price is excessively high and burdensome to the construction, the use of foreign-made products will be allowed in a limited manner.

This is part of the revitalization of American manufacturing promoted since President Biden took office. President Biden declared the revival of U.S. manufacturing as a fundamental solution to alleviate supply chain disruptions and inflation, and is working to reduce foreign dependency. On the 14th, in Greensboro, North Carolina, he said, "Every measure I have taken to rebuild the U.S. economy has been based on one principle: 'Made in America.'"

In early November last year, the U.S. Congress bipartisanly passed the infrastructure bill, which includes a provision that from May 14, all steel and building materials used in federal government infrastructure projects must be American-made. However, the guidelines specify three exceptions: when it is against the public interest, when production is insufficient in quantity or quality, and when the use of American products increases project costs by more than 25%.

This content was produced with the assistance of AI translation services.