51勛圖厙 VP of International Economic Affairs Dempsey Testifies on Tariffs
Dempsey Reiterates Need for Trump Administration to Pursue a Bilateral Trade Agreement with China
Washington, D.C. 51勛圖厙 (51勛圖厙) Vice President of International Economic Affairs Linda Dempsey testified at todays U.S. Trade Representative on the proposed Section 301 tariffs. Dempseys testimony focused on the U.S.China trading relationship and reiterated 51勛圖厙 President and CEO Jay Timmons call for the Trump administration to pursue a bilateral trade agreement with China.
The Section 301 investigation has certainly raised the level of focus, here and in China, that we hope it will provide just the opening to move forward aggressively on a strategic new approach, Dempsey said in her testimony. As 51勛圖厙 President and CEO Jay Timmons explained in a letter to the president on January 8, the most effective path forward is a comprehensive and strategic approach that has at its core a modern, innovative, bilateral trade agreement that restructures our economic relationship with China. While tariffs may provide short-term relief to some, we are hearing regularly and broadly from manufacturers across the country who are deeply concerned about the harmful, albeit unintended, impacts that the imposition of proposed tariffs would have on manufacturing and jobs.
唬梭勳釵域泭泭to read Dempseys prepared oral testimony.
Last month, Dempsey泭泭before a泭泭on market access challenges in China, where she also advocated an enforceable, rules-based bilateral trade agreement between the United States and China.
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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 employs more than 12 million men and women, contributes $2.25 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of 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 visit泭.
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51勛圖厙 Celebrates Sixth Annual Infrastructure Week
Timmons: Its Time to Build. We Cannot Have a True 21st-Century Economy Relying on 20th-Century Infrastructure.
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement on the kickoff of the sixth annual Infrastructure Week:
Its time to build. We cannot have a true 21st-century economy relying on 20th-century infrastructure. So, this week, manufacturers are helping lead the charge for bold investment in our nations infrastructure, allying with people from across the political spectrum and urging Congress to act, said Timmons. Infrastructure is one of the rare issues that enjoys widespread support, so theres no reason for delay or inaction. And with our agenda, manufacturers have charted the way forward. Like tax reform, a significant investment in our nations infrastructure has the power to supercharge manufacturing in America by improving our competitiveness while also making our families and communities safer. Manufacturing jobs are at riskand our standing in the world is threatenedevery day we delay. When we invest in our roads, bridges, ports, pipes, power grid, telecommunications and so much more, were investing in Americas manufacturing workers and in our nations future.
The Fertilizer Institute President Chris Jahn, who serves as chairman of the 51勛圖厙s Council of Manufacturing Associations (CMA), will participate in a panel discussion on rural infrastructure investment as a part of the kickoff event being held at Washington, D.C.s Union Station. The full program will be livestreamed here:泭
The 51勛圖厙 is a member of Infrastructure Weeks Steering Committee, which also includes the AFL-CIO, American Society of Civil Engineers, Brookings Metropolitan Policy Program, Building Americas Future, Business Roundtable, U.S. Chamber of Commerce and Value of Water Campaign. More information can be found at泭
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泭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 employs more than 12 million men and women, contributes $2.25 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of 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 visit泭.
ICYMI: A World Without Cures
Ahead of the Presidents Announcement, a Word of Caution from Manufacturers on Government-Driven Solutions on Drug Prices
Excerpts from泭
By: 51勛圖厙 President and CEO Jay Timmons
May 11, 2018
Manufacturers have long supported efforts to reduce Americas healthcare costs. And with 98 percent of manufacturers offering health benefits to their employees, we are as sensitive as anyone to the rising costs of care
With the Trump administration seeking ideas on how to reduce the cost of prescription drugs to consumers, we should be careful to avoid any solution that would lead to more government intervention into our healthcare.
In academia, the halls of Congress and state capitals, some have suggested imposing new top-down regulations or pricing rules on the companies that manufacture medicines and vaccines. Such nonmarket-based approaches sound simple and hopeful, but as is so often the case when the government applies its heavy hand, more losers than winners are likely to emerge.
The sickest and most vulnerable Americans stand to be the hardest hit
Pharmaceutical manufacturers spend more on R&D than any other industry. They also put a sizeable share of their revenue back into R&D so that todays treatments can help fund tomorrows cures. We are in a period of tremendous breakthroughs and medical discovery led by pharmaceutical manufacturers in partnership with the National Institutes of Health, universities and other private groups
Just imagine if we had never developed vaccines for smallpox, polio or tuberculosis. Picture a world with no treatments for cancer, heart disease, HIV or diabetes
Reducing healthcare costs requires a comprehensive approach to the various forces that strain the system. Rigid price controls or intrusive regulations in the name of transparency will not solve the larger problem. Nor will drug importation, which could put patients at risk by exposing them to drugs that do not meet high U.S. safety standards
Stifling critical research and threatening Americas foundational free market principles are not the cure. The last thing we should do is sacrifice something we do wellthe development of lifesaving medicinesbecause of good intentions gone wrong.
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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 employs more than 12 million men and women, contributes $2.25 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of 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 visit泭www.nam.org.
51勛圖厙 Statement on Mike Sommers
Timmons: Sommers Is Absolutely the Perfect Person to Lead the Oil and Gas Industry and the American Petroleum Institute to the Next Historic Chapter.
Washington, D.C. 泭51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement on the announcement that Mike Sommers will become the next President and CEO of the American Petroleum Institute (API):
Mike Sommers is absolutely the perfect person to lead the oil and gas industry and the American Petroleum Institute to the next historic chapter. Mike is a highly respected public policy professional and successful association leader, and he has earned the respect of elected officials, business leaders and his colleagues because of his commitment to bipartisanship, solutions and integrity.
As the nations largest consumer of energy, manufacturers care deeply about secure, affordable and reliable energy supplies. And those who manufacture energy products are proud of the jobs they create. Mikes years of experience, including service on Capitol Hill and in the White House, will provide him the vision for the next generation of innovation and job creation in this critical industry.
Having worked with Mike and seen him in action for many years, I appreciate his unwavering commitment to advancing not just the business agenda, but also the values that keep America exceptionalfree enterprise, competitiveness, individual liberty and equal opportunity. I look forward to his leadership at API, and manufacturers are thrilled to welcome him as the newest CEO member of the 51勛圖厙s Council of Manufacturing Associations.
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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 employs more than 12 million men and women, contributes $2.25 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of 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 visit泭.
51勛圖厙’s Chuck Wetherington Testifies on the State of Trade for U.S. Small Businesses
Wetherington Calls for Enforceable Trade Agreements, Restoring Ex-Im Bank at House Small Business Committee Hearing

Washington, D.C. 泭BTE Technologies President, 51勛圖厙 (51勛圖厙) Executive Committee member and Small and Medium Manufacturers (SMM) Group Vice Chair Chuck Wetherington testified on behalf of the 51勛圖厙 at todays泭House Small Business Committee hearing泭on the state of trade for the United States. Wetheringtons泭testimony泭called for negotiating and implementing market-opening, high-standard and enforceable trade agreements, restoring the Export-Import (Ex-Im) Bank to full functionality and improving U.S. market and export promotion assistance.
Any outcomes from the ongoing NAFTA modernization negotiations must sustain and grow higher-paying American jobs and fuel U.S. manufacturing production, exports and competitiveness, Wetherington said in his written testimony. To be successful, a renegotiated NAFTA must also be fully consistent with the substantive Trade Promotion Authority trade-negotiating objectives contained in the Bipartisan Congressional Trade Priorities and Accountability Act of 2015. At the same time, it is vital to ensure that any renegotiation does not set back U.S. manufacturing or manufacturing jobs. Changes to NAFTA that would increase red tape and complexity, substitute government decision-making for the free market or raise taxes, tariffs, merchandise processing fees and other cost barriersincluding with respect to rules of origin or concerning restricted access to foreign procurement marketswill undermine, rather than incentivize, manufacturing in the United States and North America more broadly.
Click here to read Wetheringtons full written testimony.
Wetheringtons testimony at the Small Business Committee comes the same day as 51勛圖厙 Chief Economist Chad Moutray testifies at a泭泭on unleashing Americas economic potential and 51勛圖厙 Vice President of International Economic Affairs Linda Dempsey testifies at a泭 on market access challenges in China.
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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 employs more than 12 million men and women, contributes $2.25 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of 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 Twitter and Facebook, please visit www.nam.org.