whitehouse said:Today, products qualify as Made in America for federal procurement if 55 percent of the value of their component parts are manufactured here. This final rule will increase that threshold to 60 percent this year, 65 percent in 2024, and 75 percent in 2029. This will close loopholes in the current regulation while allowing businesses to onshore manufacturing and adjust their supply chains to increase the use of American-made components. This change will create more opportunities for small- and medium-sized manufacturers and their employees, including small and disadvantaged enterprises, from all parts of the country.
While working at a large manufacturer I was in the trenches dealing with domestic content issues. This is a big deal for automakers now, not many domestic EV battery makers.
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It is interesting to note that in the early days of America a couple centuries ago, we were a low cost manufacturer of european designs (aka knockoffs).
JR