Former Vice President Joe Biden pitched his "Buy American" plan in Dunmore, Pennsylvania, on Thursday, and his campaign says the initiative would create at least five million jobs in manufacturing and innovation.
The presumptive Democratic presidential nominee's plan narrows restrictions on what can be considered an American-made good and calls for investing $400 billion in manufacturing and $300 billion in research and development for several diverse industries, Politico reports. "America can't sit on the sidelines in the race of the future," Biden said. "The Chinese are spending multiple billions of dollars trying to own the technology of the future while we sit with our thumb in our ear."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
'King's horses take free rein through London'Today's Newspapers A roundup of the headlines from the US front pages
-
Is pop music now too reliant on gossip?Talking Point Taylor Swift's new album has prompted a flurry of speculation over who she is referring to in her songs
-
Nuclear near-missesThe Explainer From technical glitches to fateful split-second decisions, the world has come to the brink of nuclear war more times than you might think
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
-
Visa and Mastercard agree to lower swipe feesSpeed Read The companies will cap the fees they charge businesses when customers use their credit cards
-
Reddit IPO values social media site at $6.4 billionSpeed Read The company makes its public debut on the New York Stock Exchange
-
Housing costs: the root of US economic malaise?speed read Many voters are troubled by the housing affordability crisis
-
Feds cap credit card late fees at $8speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
