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.
Wholesale Inflation Accelerated in April
May 13, 2022CNBC. The numbers: According to the Bureau of Labor Statistics, producer prices at the wholesale level increased by 11% over the past year and 0.5% in April. “Excluding food, energy and trade services, core PPI rose 0.6% in April and 6.9% from a year ago, the latter a decline from 7.1% last month.” Earlier this…
Manufacturers: USTR Report Signals Importance of Concrete Action to Protecting Manufacturing Innovation
April 27, 2022Washington, D.C. – Following U.S. Trade Representative Katherine Tai’s release of the agency’s annual Special 301 report on global intellectual property protection, National Association of Manufacturers Vice President of International Economic Affairs Ken Monahan released the following statement: “Innovation and intellectual property are the lifeblood for manufacturers in the United States, supporting manufacturing businesses and…
Congress Votes to Limit Economic Ties with Russia
April 8, 2022The Hill. Ending normal trade relations: “Senators voted 100-0 on two bills. The first, H.R. 6968, codified the Biden administration’s ban on oil imports and other energy products from Russia. New U.S. sanctions: On April 6, the U.S. announced a ban on all new investments in or exports to the Russian Federation by the U.S.
The Economic Impact of War in Ukraine
April 5, 2022The Wall Street Journal (subscription). Ukraine economic projection: In a detailed assessment of the economic impact of the war, the European Bank for Reconstruction and Development projected that Ukraine’s economy will contract by about 20% this year. If a ceasefire can be negotiated in the next two months, the EBRD predicted Ukraine’s economy will bounce…
