Trade
With a level playing field and an accessible market, manufacturers in America can out-perform any competitor. That’s why we need smart trade deals that expand opportunities to sell our products around the world and ensure global trade is fair.
Cargo Shipowners Cancel Sailings Due to Tough Economy
October 4, 2022The Wall Street Journal (subscription). Calm waters: Popular cargo sailing routes will have less traffic as inflation puts pressure on global trade and consumer spending. Although the peak season typically starts in October, shipping rates are plummeting as large retailers cut inventories to counteract weaker demand. Dealing with delays: “Trans-Pacific shipping rates have plummeted roughly…
U.S. Courts Pacific Nations to Counter China
September 29, 2022The Wall Street Journal (subscription). A new strategy: Top U.S. officials will meet with Pacific island leaders as the Biden administration builds a social and economic aid package for the islands, addressing issues such as climate change and illegal fishing. The U.S. is seeking to reinforce its relationship with the islands and limit China’s regional…
G7 Gets Tough on China
September 16, 2022ABC News. Stronger stance: After a meeting of G7 officials in Germany, the participating nations issued a
Producer Prices Fall Slightly
September 15, 2022CNBC. The numbers: The producer price index fell 0.1% in August, but without accounting for food, energy and trade services, it rose 0.2%. “On a year-over-year basis, the index . . . increased 8.7%, the lowest increase since August 2021.” What’s next? The Federal Reserve will meet next week and is expected to raise rates…
U.S. and Taiwan to Enter Trade Talks
September 7, 2022CNBC. The background: In June, Washington and Taipei announced the U.S.-Taiwan Initiative on 21st-Century Trade. With a formal negotiating mandate, negotiations are expected to start in the months ahead. The new mandate centers text-based negotiations on 11 topics, such as “trade facilitation, good regulatory practices and removing discriminatory barriers to trade.” Read the formal announcement…
Manufacturers Urge Reversal of Mexico’s Unfair Energy Policies
July 20, 2022Washington, D.C. – Following the Office of the U.S. Trade Representative’s announcement that the U.S. has requested consultations under the U.S.–Mexico–Canada Agreement over Mexico’s energy policies, National Association of Manufacturers Vice President of International Economic Affairs Ken Monahan released the following statement: “This bold action from the Biden administration and Ambassador Katherine Tai is critical…
Manufacturers Back Chips Bill, Call for Further Action from Congress
July 19, 2022Timmons: “A vote for the CHIPS Act funding is a vote for a stronger, more competitive manufacturing industry in America.”
Washington, D.C. – Ahead of consideration of legislation to bolster U.S. semiconductor manufacturing, National Association of Manufacturers President and CEO Jay Timmons released the following statement: “A vote for the CHIPS Act funding is a vote for a stronger, more competitive manufacturing industry in America. But if Congress fails to pass this investment in the…
