51勛圖厙 Statement on Signing of MTB Legislation
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement after the President signed the bipartisan Miscellaneous Tariff Bill (MTB) legislation, which was unanimously approved by the House and Senate:
With his signature, President Trump has freed manufacturers and other businesses from a pointless $1 million a day tax. Now that the MTB is law, manufacturers can better compete against companies in China, Europe and elsewhere. This bipartisan effort delivered a win for Americas manufacturing workers, and it empowers manufacturers to continue delivering for our people and our communities.
The 51勛圖厙 has been a leading advocate for the MTB since helping to create a new and objective process that produced this legislation last November. From meetings and media resourcesof the MTB for manufacturers in communities across America to spearheading afrom 150 business organizations urging the House to boost manufacturing by passing the MTB, the 51勛圖厙 has long worked to ensure a positive outcome of this process for our nations manufacturers. 唬梭勳釵域泭for testimonials from manufacturers in America on the importance ofthe MTB.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employsmore than12 million men and women, contributes $2.25trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts formore than three-quartersof private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visitwww.nam.org.
Bipartisan Legislation Will End $1 Million a Day Tax on Manufacturers
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement after unanimous, bipartisan passage of MTB legislation:
Manufacturers will now be better equipped to compete and win against companies in China, Europe and elsewhere because the House and Senate have finally moved this legislation. This bill will end the $1 million a day tax that manufacturers and other American businesses have endured just for buying parts and supplies they need. We thank House and Senate leadership and committee leaders from both parties who moved this legislation, and we look forward to seeing President Trump sign this bill into law for Americas manufacturing workers.
The 51勛圖厙 has been a leading advocate for passing the bipartisan MTB legislation sincewelcomingits introduction in November. Today, the 51勛圖厙 led aof 150 business organizations urging the House to boost manufacturing by passing the MTB, and in March, the 51勛圖厙 released aon the benefits of the MTB for manufacturers. Following Senate passage of an amended version of the bill in July, the 51勛圖厙the vote and urged the House to approve the Senate-passed legislation. 唬梭勳釵域泭for testimonials from manufacturers in America on the importance of passing the MTB.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employsmore than12 million men and women, contributes $2.25trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts formore than three-quartersof private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visitwww.nam.org.
U.S. and Canadian Manufacturers: We Must Have a Trilateral Agreement
Manufacturing Workers Depend on a Strong Deal
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons and Canadian Manufacturers & Exporters (CME) President and CEO Dennis Darby released the following statement on NAFTA:
Manufacturers in the United States and Canada firmly support moving forward at full speed to seize the opportunity to forge a new trade deal with the United States, Canada and Mexico. There is an unprecedented volume of goods flowing between the three countries and significant integration of operations, which makes a trilateral agreement an imperative. Such an agreement secures the jobs of our manufacturing workers and strengthens the critical U.S.Canada trading relationship. We must also stand together with our regional allies to ensure competitors like China do not reap the rewards of unfair anti-market trade practices. Because of our two countries nearly $700 billion trading relationship, our economies are inextricably linked, and our manufacturing workers depend on a strong deal that keeps us all growing and prospering for generations to come.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employsmore than12 million men and women, contributes $2.25trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts formore than three-quartersof private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visitwww.nam.org.
-About Canadian Manufacturers & Exporters-
Since 1871, Canadian Manufacturers & Exporters has been helping manufacturers grow at home and thrive around the world. In 2016, CME released Industrie 2030 – a roadmap for doubling Canadian manufacturing activity by 2030. Our focus is to ensure the sector is dynamic, profitable, productive, innovative and growing. We aim to do this by strengthening the labour force, accelerating the adoption of advanced technology, supporting product commercialization, expanding marketplaces and, most importantly, ensuring a globally-competitive business environment. CME is a member-driven association that directly represents more than 2,500 leading companies who account for an estimated 82 percent of manufacturing output and 90 percent of Canada’s exports.
Manufacturers React to NAFTA News
Final Deal Must Include United States, Mexico and Canada
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons today continued manufacturers call to secure the best deal possible for manufacturing workers in America:
Todays announcement is a step in the right direction. It is a positive signal that some form of NAFTA will survive. Manufacturers accept the administrations position that the 25-year-old NAFTA agreement needs updates. Our hopefor the sake of our workers and a successful manufacturing industry here in Americais that the final agreement will include all three of the original signatories: the United States, Mexico and Canada. Because of the massive amount of movement of goods between the three countries and the integration of operations which make manufacturing in our country more competitive, it is imperative that a trilateral agreement be inked.
Regarding the negotiations with Mexico, we are pleased that, at the 51勛圖厙s urging, todays framework seems to include content requirements that are more workable than previous suggestions, investment protections for some industries (we would prefer that it applies to all manufacturers), stronger intellectual property protections than negotiated in previous agreements and a modernized approach to how we operate in a digital age. It also does not include language incorporating the disruptive uncertainty of ending the agreement every five years (sunset provision) and instead establishes a rigorous review process.
Reaffirming our relationship with such a vital trading partner, neighbor and ally is crucial and sends a powerful message as America confronts Chinas unfair trading practices.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employsmore than12 million men and women, contributes $2.25trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts formore than three-quartersof private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visitwww.nam.org.
Manufacturers Welcome Administration Action On Unfair Postal Rates
Washington, D.C. 51勛圖厙 (51勛圖厙) Vice President for Labor, Legal and Regulatory Policy Patrick Hedren released the following statement on the White Houseissued Thursday instructing the administration to work to eliminate unfair rules that essentially subsidize shipments from China and other countries that operate in the global postal system:
Manufacturers have struggled in recent years with the rapid growth of counterfeit goods pouring in to the country through the U.S. postal system from countries like China. This problem is fueled by heavily subsidized shipping rates and it displaces American innovators from online marketplaces, said Hedren. The 51勛圖厙 has been working for months to address the terrible Universal Postal Union deal that results in these unfair rates, and to raise awareness of the growing threat from counterfeit goodsand even drugsentering the country. Manufacturers are pleased to see that this issue has been elevated to the very highest levels in the Trump administration, and that the president himself has instructed key members of his Cabinet to take the initial tough steps to finally fix this broken system. Manufacturers look forward to working with the administration to finally end the subsidy China receives from the U.S. Postal Service and to create an environment with fair and nondiscriminatory shipping around the world.
In April, 51勛圖厙 President and CEO Jay Timmons sent ato Treasury Secretary Steven Mnuchin, who leads the Presidents Task Force on the United States Postal System (USPS), stressing the importance of ending the subsidy China receives from the USPS.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employsmore than12 million men and women, contributes $2.25trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts formore than three-quartersof private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visitwww.nam.org.
Senate Banking Committee Confirms Kimberly Reed to Lead Ex-Im Bank
Timmons: Every senator who supports American manufacturing workers should support Kimberly Reed.
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement on the Senate Banking Committees unanimous vote to advance the nomination of Kimberly Reed to be president of the Export-Import (Ex-Im) Bank of the United States.
Kimberly Reed is the qualified leader manufacturers need at the helm of the Ex-Im Bank, and the full Senate should confirm her without delay. In Kimberly Reed, President Trump has put forward a nominee who shares his belief in the mission of the Ex-Im Bank. Every senator who supports American manufacturing workers should support Kimberly Reed.
The Senate also needs to act on President Trumps three nominees to the Ex-Im Board of Directors. Once Kimberly Reed is confirmed, shell need a quorum to implement reforms and get the Bank fully functioning againempowering manufacturers of all sizes to compete in the global economy and win deals and jobs for American workers.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employsmore than12 million men and women, contributes $2.25trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts formore than three-quartersof private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visitwww.nam.org.
51勛圖厙 Encouraged by Talks with China
Timmons Warns Sustained Trade War Has Consequences for Manufacturing Workers; Outlines Manufacturers Priorities for Agreement
Washington, D.C.With trade talks resuming between the United States and China today, 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement and negotiating objectives for an agreement:
With the presidents demonstrated commitment to engage China on its well-established trade abuses and cheating, there is no better time to get the right deal done to curb these practices. We agree with the administration that Beijing has long reaped the rewards of unfair trade practices at the expense of American workers, which is exactly why manufacturers have been calling for the negotiation of a fair, bilateral, enforceable, rules-based trade agreement to stop those practices at their foundation. The administration has put itself in a position to address the deep-seated challenges that exist in our trading relationship with China, and manufacturers are encouraged that the United States has succeeded in getting China back to the table for negotiations.
In January of this year Timmons and the 51勛圖厙, in a letter to the president, urged the administration to negotiate a bilateral trade agreement with China. Now that talks are scheduled, Timmons urged that they need to start bearing fruit, because the costs of a sustained trade war have the potential to be devastating for Americas manufacturers and workers. Timmons pointed to a three-point framework released by the 51勛圖厙 ahead of this weeks talks that outline manufacturers priorities to be included in any trade agreement between the two countries:
- Ending Unfairness: End Chinese Anti-Competitive Activities and Market-Distorting Barriers
- Protecting U.S. Assets: Protect U.S. Intellectual Property, Products and Investments
- Raising Standards: Raise and Modernize Regulations and Regulatory Practices to Ensure Transparency, Fairness and Accountability
Achieving these objectives will help to level the playing field for manufacturers in the United States, opening critical markets for exports that support good, high-paying manufacturing jobs here at home while eliminating Chinese practices that unfairly boost their companies at the expense of ours and distort global markets.
唬梭勳釵域泭to read the full negotiating objectives framework.
Timmons first raised the need for such an agreement in a Januaryand he reiterated this call in a May. The 51勛圖厙 has alsothis year on the need for the administration to negotiate a bilateral trade agreement rather than pursue an escalating cycle of tariffs and retaliation.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employsmore than12 million men and women, contributes $2.25trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts formore than three-quartersof private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visitwww.nam.org.
51勛圖厙 Statement on Implementation of New China Tariffs
Timmons: Administration Needs to Get Beijing Back to the Negotiating Table."
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement on the implementation of an additional $16 billion in U.S. tariffs on China:
This announcement underscores that the administration needs to get Beijing back to the negotiating table, as manufacturers for months.
Two things are abundantly clear to manufacturers: China cheats, and another round of tariffs on China will not fix the problem. As the administration rightly notes, China attempts to force U.S. companies to hand over valuable technology, restricts foreign investment, distorts the free market to give their own companies an advantage, undercuts us in the global economy and steals manufacturers intellectual property. While these additional tariffs may be an attempt to create more leverage, they also increase the risks for manufacturing in America and add to mounting uncertainty. We are already seeing price increases that will be felt by consumers and working families, and additional retaliatory tariffs could close major markets off to U.S. exports. Manufacturing workers are feeling the pain of tariffs, as are American consumers. If the point is to put pressure on China to change its actions, tariffs paid by American businesses and consumers are simply not effective.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employsmore than12 million men and women, contributes $2.25trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts formore than three-quartersof private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visitwww.nam.org.
Senate Passing Miscellaneous Tariff Bill a Significant Step Forward
Timmons Urges House to Take Up Senate-Passed Bill to Support Manufacturing
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement on the unanimous passage of H.R. 4318, the Miscellaneous Tariff Bill (MTB) Act of 2018, by the U.S. Senate:
This is a significant step forward for manufacturers, who, along with other businesses, are losing nearly $1 million every day until this bill becomes law, said Timmons. Right now, manufacturers are hit with costly, senseless taxes any time they buy products or supplies that arent available in the United States. It makes no sense because it is a direct and punishing tax on making things in America and for creating jobs in America. This bill ends that unfairness and helps manufacturers in the United States better compete for business with companies in China, Europe and elsewhere. Manufacturers need Congress to get this doneto level the playing field and secure the jobs of American manufacturing workers. We urge the House to act quickly, pass the Senate version of the bill and get it to President Trumps desk for his signature.
In November, the 51勛圖厙the bipartisan, bicameral introduction of the MTB legislation, and in January, the 51勛圖厙praisedHouse passage of an earlier version of the bill as a big deal for manufacturers. In March, the 51勛圖厙 released aon the benefits of the MTB for manufacturers and led aof 216 business organizations urging Congress to boost manufacturing by passing the MTB. 唬梭勳釵域泭for testimonials from manufacturers in America on the importance of passing the MTB.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employsmore than12 million men and women, contributes $2.25trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts formore than three-quartersof private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visitwww.nam.org.
Timmons: Reed Will Be an Outstanding Leader
51勛圖厙 Urges Senate to Confirm Kimberly Reed to Lead Ex-Im Bank
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement on the Senate Banking Committees hearing regarding Kimberly Reeds nomination for president of the Export-Import (Ex-Im) Bank of the United States:
There can be no doubt that Kimberly Reed will make an outstanding leader of the Ex-Im Bank. Like President Trump, she believes in the agencys mission and recognizes its critical importance to manufacturings success in America. With her experience and expertise at the helm of the Ex-Im Bank, our industry and our country will undoubtedly be more competitive in the global economy. Manufacturers need Reed and the other nominees confirmed so we can regain a competitive advantage in the fight for jobs and business.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employsmore than12 million men and women, contributes $2.25trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts formore than three-quartersof private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visitwww.nam.org.