Critics argue that the order will make materials for transportation and other public works projects more expensive and could even derail Trump's proposed $1 trillion infrastructure plan.
Throughout his election campaign, Trump pushed the "Buy American, hire American" maxim and prefers to move towards a merit-based visa system, which only encourages the most-talented workers from overseas to come.
Bill Hickey, president of Chicago-based Lapham-Hickey Steel, which has seven steel mills in the Midwest and Northeast, said he has heard talk of "Buy American" for decades, but American or foreign contractors frequently find loopholes to use imported steel.
President Donald Trump just signed an executive order that could potentially have an impact on small businesses - but not necessarily right away. You'll see what it really says. Government agencies can bypass USA suppliers, for example, whose bids come in too high or if the required goods and services aren't available domestically.
As a result, Gibbs said investors should dial back expectations that Trump will do anything meaningful on trade, or on infrastructure which is where such an order could make a difference.
Changes outlined in the "Buy American, Hire American" order include a revamp of the H-1B skilled-worker lottery program.
I can verify from the order itself, that is false.
But Schott says other countries would likely respond to stricter Buy American policies by making it harder for US companies to bid on foreign government contracts. The visa program, which is created to let companies hire highly skilled workers for technical jobs based in the US that they're having trouble filling, is a central policy focus of the technology industry. "We're going to bring people in, but the job is going to be temporary and so they'll be able to leave again".
With regard to U.S. jobs, the EO directs the Departments of Labor, Justice, Homeland Security and State to review employment-based foreign worker programs to ensure that the integrity of these programs is restored and that USA workers are provided with adequate protections from lower-cost foreign labor. Over half-a-dozen pieces of legislation have been introduced (and reintroduced) since January 2017 to curb alleged misuse of the H-1B visa regime from both Democrats and Republicans, including one that has called for higher minimum wage of $1,30,000, almost double from the current levels.
Here's visa expert attorney Ahmad Yakazan. "In that case, the chances of layoffs are real", said Assocham Secretary General D.S. Rawat.
Chairman of the House Ways and Means Kevin Brady is not among the Republicans calling for the president to release his tax returns, but Brady said there is a once-in-a-generation chance to reform tax code and that it needs to happen this year.
So will this executive worker help American workers and products? Do you know someone else we should interview for this story?