US to raise bar for “made in America” products

US President Donald Trump has ordered that only products with more than 55 per cent made in the US may be considered “made in America,” eyeing to raise the bar to 75 percent in the future.
Speaking at the Made in America product showcase at the White House, Trump told a group of US manufacturers that in the future “domestic goods will have to have 75 percent of American, and 95 percent for things such as iron and steel” in order to be considered “made in America.”
“If we can build it, grow it or make it in the US, we will,” Trump said, adding that US steel and aluminium factories and mines “are not closed anymore or they won’t be closed very long.”
Currently, the threshold for being considered “made in America” is at 50 per cent.
The standard for made in America carries legal consequences as the US.
Buy American Act of 1933 dictates that the US Government prefer US-made products in its acquisitions.
At the showcase were large hardware products such as motorcycles, bicycles, yachts, a motor home, and the THAAD missile system.
There were also smaller gadgets such as lighters, pens and bottle openers. One company was chosen from every state as a representative.
This year marks the third time the White House has hosted the Made in America product showcase.
Xinhua/NAN.