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Biden Ditches ‘Buy American’ with Plan to Outsource Metals Supply Chain
Posted By: RumorMail Date: Wednesday, 26-May-2021 12:22:58
www.rumormill.news/173197
In Response To: Report: Joe Biden to Ditch Student Loan Forgiveness from Budget, Breaking Campaign Promise (RumorMail)
By John Binder25 May 2021
President Joe Biden is seemingly ditching his “Buy American” promise less than five months into his administration with a plan to import materials for electric vehicles as part of a “strategy designed to placate environmentalists,” according to a report.
According to administration officials who spoke to Reuters, Biden is set to deal a blow to American miners by outsourcing where the United States will source metals needed for electric vehicle production.
Rather than relying on U.S. mines, Biden will reportedly import the needed metals from Australia, Brazil, Canada, and other foreign countries. The move is a win for environmentalists and Democrats who have fought to shut down U.S. mining projects that would provide high-paying union jobs to America’s working and middle class.
Reuters reports:
Biden officials want to ensure the administration’s EV aspirations are not imperiled as domestic mines face roadblocks, the sources said, both from environmentalists and even some Democrats. [Emphasis added]
…
While U.S. projects from small and large miners alike will feel the impact, the pain from any blocked projects will fall disproportionately on smaller, U.S.-focused companies. Many large miners also have global projects that could benefit from the administration’s plan. [Emphasis added]
…
“Let’s let Americans extract these minerals from the earth,” said Aaron Butler of United Association Local 469 union, which does work for Rio Tinto Ltd’s (RIO.AX) proposed Resolution copper mine project in Arizona and endorsed Biden in the elections. “These are good-paying jobs.”
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Articles In This Thread
- Report: Joe Biden to Ditch Student Loan Forgiveness from Budget, Breaking Campaign Promise
RumorMail -- Wednesday, 26-May-2021 12:21:33
- Biden Ditches ‘Buy American’ with Plan to Outsource Metals Supply Chain
RumorMail -- Wednesday, 26-May-2021 12:22:58
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