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President Biden will host the president of Siemens USA at the White House on Friday, announcing that the company’s $54 million manufacturing facilities will create 300 new jobs in California and Texas.
The President will also announce updates to the American Purchasing Code, which sets out requirements for determining whether products bear the “Made in the USA” label. For assignment made in America.
Management is raising the current 55% threshold for components made in the USA to 60% in October, gradually increasing to 75% in 2029. Officials said the requirement would encourage US manufacturers to focus more on local supply chains.
Biden and Siemens President and CEO Barbara Humpton will announce the company’s expanded domestic production, which will focus on critical electrical infrastructure that supports everything from electric vehicle chargers to data centers and industrial sites.
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