Oil Industry Worried About Trump’s “Buy American”

20 Apr 2017   USA

U.S. President Donald Trump signed an executive order on Tuesday that would promote his “Buy American, Hire American” trade policy, an agenda that is worrying oil pipeline companies. Trump’s executive order is vague in details. The “Buy American” part of the executive order seeks to tighten the standards in U.S. government procurement programs, which essentially means that federally-funded construction projects use more American-made goods. It is not at all clear how this will alter current policy. The administration wants to close what it sees as too many loopholes, such as nearly-finished imported goods being completed in the U.S. and then deemed to be “Made in America.” The “Hire American” agenda calls for a reform of the H-1B visa program, which allows companies to hire skilled foreign workers. The executive order, if carried out, would affect companies building oil pipelines in the U.S., requiring them to use U.S. steel in […]

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