President Biden has signed an executive order on strengthening American manufacturing which is aimed at delivering economic relief to the US economy. The executive action also strongly supports the Jones Act, which requires goods shipped between US ports to be transported on ships that are built, owned, and operated by United States citizens or permanent residents. The order will encourage the country’s transportation system to go green including making ports more climate-resilient. The administration also plans to invest hundreds of billions of dollars in research and development targeting markets like battery technology, artificial intelligence, biotechnology, and clean energy.
