Published 16:27 IST, February 25th 2021
Biden signs order to strengthen US supply chains
President Joe Biden signed an executive order Wednesday intended to boost manufacturing jobs by strengthening U.S. supply chains for advanced batteries, pharmaceuticals, critical minerals and semiconductors. However, Biden will also look to work with international partners to ensure a stable and reliable supply chain.
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President Joe Biden signed an executive order Wednesday intended to boost manufacturing jobs by strengthening U.S. supply chains for advanced batteries, pharmaceuticals, critical minerals and semiconductors.
The United States has become increasingly reliant on imports of these goods — a potential national security and economic risk that the Biden administration hopes to address with the planned 100-day review and the possibility of increased domestic production. However, Biden will also look to work with international partners to ensure a stable and reliable supply chain.
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"The American people should never face shortages in the goods and services they rely on, whether that's their car or the prescription medicines or the food at the local grocery store," Biden said at a White House ceremony.
"We shouldn't have to rely on a foreign country, especially one that doesn't share our interests or our values, in order to protect and provide our people during a national emergency," he added.
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White House officials emphasized that the order would help to create manufacturing jobs, a promise made by past presidents with decidedly mixed results. There are 12.2 million manufacturing jobs in the United States, down from 17 million in 2000, according to the Bureau of Labor Statistics.
Biden's team declined to say how many manufacturing jobs could be created, only that the benefits would extend past factory work.
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The orders were also distinctly bipartisan as Biden met with Republican and Democratic lawmakers at the Oval Office Wednesday before the signing. Former President Donald Trump signed an executive order last year to boost U.S. production of critical minerals.
"This is a critical area where Republicans and Democrats agreed — it was one of the best meetings I think we've had so far and we've only been here about five weeks," Biden said. "It was like the old days. People were actually on the same page."
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Over the past year, the fragility of vital supply chains has been revealed repeatedly. The coronavirus outbreak led to an initial shortage of masks, gloves and other protective medical equipment. Automakers in the United States and Europe are now dealing with a shortage of computer chips.
16:27 IST, February 25th 2021