The US Trade Representative’s office has set a new dollar threshold below which the Buy American Act (BAA) will typically apply and above which the Trade Agreements Act (TAA) will apply. While levels vary for different products, services and countries, the general new threshold is $174,000.  This is a decrease from $183,000 which had been the standard for 2022 and 2023.  Contractors should remember that large IDIQ contracts typically apply the thresholds at the program level, meaning that all transactions in such cases are covered by the TAA.  Nevertheless, it is important to take note of the new dollar levels to ensure that companies comply with all types of government business.