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.
U.S. Trade Representative Tai, Congress Tussle Over Trade Policy Ambition, Priorities
April 1, 2022POLITICO Pro (subscription) and AFP. The NAM says: In an interview with
Ukrainian Factories Face Supply Chain Stress
April 1, 2022The Wall Street Journal (subscription). Factories struggle to maintain production: Ukrainian factory owners report that, since Russia’s invasion, dangerous roads, fragile utility networks and supply chain problems have made it difficult to fulfill orders and keep assembly lines running. Some factories shift gears: Ukraine has a sprawling agricultural sector that is held up by small…
U.S. Goods Trade Deficit Falls Slightly
March 29, 2022U.S. Census Bureau. NAM Chief Economist Chad Moutray walked us through the numbers. The topline: “The U.S. goods trade deficit pulled back from a record $107.57 billion in January to $106.59 billion in February but remained very elevated, according to preliminary figures,” said Moutray. The factors: “These data continue to be skewed by supply chain…
U.S. Trade Representative Announces Batch of Tariff Exclusions
March 25, 2022announced a round of tariff exclusions on a small set of products impacted by Section 301 tariffs for China. Why it matters: At a time of supply chain disruption, COVID-19 economic fallout, inflationary pressure and other challenges, many manufacturers have been facing a further hit from broad Section 301 tariffs for critical inputs and products…
Railway Strike in Canada Threatens U.S. Oil and Agricultural Product Supply Chains
March 16, 2022POLITICO Pro (subscription). Canadian railway strike: Canadian and American governments, shippers and manufacturers are bracing for a possible strike of more than 3,000 Canadian Pacific Railway workers. Importance of Canadian Pacific Railway: Canada ships about 140,000 barrels of oil to the U.S. per day, much of it along the Canadian Pacific Railway. Another 15% of…
U.S., Allies Take Economic Action to Counter Russia’s Invasion of Ukraine
March 2, 2022prohibited “U.S. persons” from engaging in transactions with the Russian Federation, the National Wealth Fund of the Russian Federation and the Ministry of Finance of the Russian Federation. On Feb. 26, President Joe Biden and the leaders of the European Commission, France, Germany, Italy, the United Kingdom and Canada issued a announced the imposition of…
Inventory Costs Increase as Merchandise Orders Are Delayed
February 25, 2022The Wall Street Journal (subscription). Transit delays: “Billions of dollars of inventory is sitting on ships waiting at seaports and taking much longer to get to factories and stores as congestion at ports and in inland distribution networks slows the flow of goods.” Inventory costs: Inventory levels have been hampered since the beginning of the…
