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.
Freight Rail Transportation Faces Delays
February 23, 2022The Wall Street Journal (subscription). Intermodal transports down: “U.S. intermodal transports, in which railroads carry containers and truck trailers, were down nearly 12% in the first six weeks of this year from a year ago, according to the Association of American Railroads, after tumbling in the second half of last year even as retailers and…
Business Leaders Urge Resolution of U.S.-Canada Border Blockade
February 10, 2022The National Association of Manufacturers, U.S. Chamber of Commerce and Business Roundtable today issued the following statement on the disruptions to trade at U.S.-Canada border crossings: “The disruptions we are seeing at the U.S.-Canada border — at the Detroit-Windsor Ambassador Bridge and at other crossings — are adding to the significant supply chain strains on…
U.S. Trade Deficit Rises
February 9, 2022U.S. Census Bureau. NAM Chief Economist Chad Moutray broke it down for us. Topline numbers: “The U.S. trade deficit rose from $79.33 billion in November to $80.73 billion in December, which was just shy of the all-time high of $80.81 billion recorded in September,” said Moutray. “These data have been skewed over the course of…
Demand for Auto Loans Gives Banks a Boost
January 27, 2022The Wall Street Journal (subscription). Accelerating demand: 2021 was a banner year for auto lending among many big banks, including Bank of America, Wells Fargo and Ally Financial. According to a Moody’s Investors Service analysis, U.S. banks increased their auto loan balances by 12% over the course of 2021, reversing slow lending trends of the…
Congress Weighs in on China Tariff Exclusions
January 21, 2022said. “The lapse—and continued absence—of critical exclusions have deepened the challenges for businesses and their workers.… We strongly urge the USTR to expand its exclusion process as quickly as possible to give American workers, businesses and families badly needed economic relief.” The signatories also said that “to ensure that this relief is meaningful, we urge…
Manufacturers: China Is Not Following Through on Important Commitments Made in the 2020 U.S.–China “Phase One” Agreement
October 4, 2021Washington, D.C. – Following remarks today by U.S. Trade Representative Katherine Tai, National Association of Manufacturers President and CEO Jay Timmons released this statement: “China is not following through on important commitments made in the 2020 U.S.–China ‘Phase One’ agreement, and it also remains a hub of bad behaviors—from intellectual property theft to market-distorting industrial…
Manufacturers: President’s Budget Rightly Prioritizes Bold Infrastructure Investment
May 28, 2021Washington, D.C. – Today, following the release of President Joe Biden’s
