News & Insights

Washington, D.C. – In response to the President’s call for industry input on a new era of balanced, sensible and pro-growth regulation, the National Association of Manufacturers submitted recommendations to key federal agencies highlighting dozens of burdensome and outdated regulations that are driving up costs and undermining manufacturing competitiveness.

“Rebalancing regulations is a critical pillar of our comprehensive manufacturing strategy—which also includes making the 2017 tax reforms permanent, expediting permitting reform to unleash American energy, strengthening the manufacturing workforce and implementing commonsense trade policies,” said NAM President and CEO Jay Timmons. “Manufacturers are spending $350 billion each year just to comply with federal regulations—money that could be spent on expanding factories and production lines, hiring new workers or raising wages. The administration is already answering the calls of manufacturers across the country to reconsider and rebalance regulations that are holding manufacturers back. Using these recommendations as a guidepost, manufacturers look forward to continuing to work with the administration to fix rules that cost too much, trap projects in red tape, chill investment, do not make sense and harm the 13 million men and women who make things in the United States.”

The NAM has identified at least 44 regulations across 10 agencies that the Trump administration should consider revising or rescinding under Executive Order 14219, “Ensuring Lawful Governance and Implementing the President’s ‘Department of Government Efficiency’ Deregulatory Initiative.” Today’s action builds on the momentum of a December 2024 letter from the NAM and more than 100 manufacturing organizations to the transition team detailing regulatory actions the incoming administration could take to right-size regulations that stunted manufacturing growth and job creation. The administration has acted decisively on key manufacturing priorities already: lifting the liquefied natural gas export ban on day one, rescinding Securities and Exchange Commission Staff Legal Bulletin 14L in February and announcing in March that it plans to revise the Environmental Protection Agency’s PM2.5 and Power Plants rules.

The NAM’s submissions in response to EO 14219 target burdensome regulations at the following agencies: the EPA, SEC, Department of the Interior, Department of Energy, Department of Labor, Cybersecurity and Infrastructure Security Agency, Department of Health and Human Services, National Institute of Standards and Technology, Federal Trade Commission and Department of the Treasury.

Background:

EO 14219, issued on Feb. 19, directs federal agencies to conduct a top-to-bottom review of existing regulations within their jurisdiction and identify, within 60 days, those that impose significant costs that outweigh their benefits; exceed statutory authority; disproportionately hurt small businesses; or impede innovation, R&D, economic development and more.

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The National Association of Manufacturers 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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

When JaNette Barnett, vice president of field sales at Pella Corporation, is asked why she has spent nearly 30 years of her career in manufacturing, the answer comes easily. “I have always been drawn to the home improvement space, so it’s no surprise that my manufacturing experience has been centered in that sector—from cabinetry to lightbulbs, to plumbing to paint, and now windows.”

• “What makes this [sector] interesting to me is it delights our end consumer. It puts a smile on their face when they can transform their spaces in ways that make them feel at home.”

Barnett channels this joy into her efforts to modernize Pella’s sales team, a track record that won her recognition as part of the 2025 Women MAKE America Awards. Created by the Manufacturing Institute, the NAM’s workforce development and education affiliate, the awards honor 130 individuals who have achieved excellence in the manufacturing industry.

Barnett and the other honorees, selected by a panel of peers, will be celebrated at the Awards gala in Washington, D.C., on April 24, but we caught up with her earlier about her decades-long experience in the industry and advice for young people just starting out.

Her achievements: Barnett has been a game-changing leader for Pella’s field sales team, delivering a 30% year-over-year sales increase in 2024.

• Thanks to her extensive experience at previous companies, she has reconfigured its sales territories, overseen an expansion of the company’s sales team and improved its compensation structure—all of which has led to impressive engagement levels among Pella’s field sales personnel.
• Beyond that, Barnett is a highly respected mentor of young professionals at Pella and runs a foundation she named for her grandmother, the Betty Jefferson Memorial Fund, to support the education of Black, inner-city young people just as her grandmother did.

How it all began: As Barnett tells it, she fell into manufacturing two decades ago while looking for a job in marketing. She accepted a job in sales, but when she arrived, she found she’d been assigned to the production scheduling department instead—a job that involved walking the factory floor in steel-toed boots.

• “It wasn’t what I signed up for, but it was the best pivot ever,” said Barnett. “It put me in the heart of manufacturing—and as a sales and marketing leader, it gave me a different perspective on how products are made.”

Gaining insight: Her experience on the factory floor has informed her work ever since, even after she moved on to the corporate side of manufacturing. Today, she emphasizes that her holistic view of manufacturing impacts how she thinks about her sales work at Pella.

• “I truly believe that manufacturing is the heartbeat of the organization,” said Barnett. “Too often, that gets lost from a sales and marketing lens. We don’t always have a clear sense of the people behind the product getting made.”

Mentoring others: Barnett emphasized the importance of mentoring in introducing more people to the manufacturing industry. Especially at a time when manufacturing faces a significant employment gap—with more than 450,000 job openings today and an estimated 3.8 million positions needing to be filled by 2033—it is crucial to reach individuals who might not otherwise consider a career in the industry, she pointed out.

• “I believe mentoring is a form of paying it forward and bringing others along,” said Barnett. “There’s a need to bring new and fresh ideas to these places. And if people have aspirations to be in leadership, it’s my honor to help mentor them and help them understand that they can do the things they set their sights on.”

The last word: “My message has always been: You’re needed,” said Barnett. “We need you in this space. We need everything you can bring to the table.”

Washington, D.C. – At a critical moment for manufacturing policy, the National Association of Manufacturers today announced the promotion of Charles Crain to managing vice president of policy, overseeing the NAM’s team of expert advocates driving policy outcomes that fuel growth, innovation and competitiveness for manufacturers across the U.S.

“Charles has been a driving force behind many of the NAM’s most important policy victories,” said NAM President and CEO Jay Timmons. “From leading the NAM’s policy and advocacy efforts to secure pro-growth, pro-manufacturing tax reforms, to protecting manufacturers from activist overreach and proxy advisory firms, Charles understands what’s at stake—and what it takes—to advance policies in a comprehensive manufacturing strategy that will empower the 13 million people who make things in America. He is the right leader at a pivotal time for our industry.”

Crain has played a central role in shaping the NAM’s agenda across tax, regulatory, corporate governance, technology and health care policy. Most recently, he served as vice president of domestic policy, where he led initiatives to modernize regulations, preserve the 2017 tax reforms, finalize and defend pro-manufacturing proxy rules, enhance oversight of pharmacy benefit managers and promote artificial intelligence innovation across manufacturing.

Since joining the NAM seven years ago, Crain has built a strong reputation as a trusted policy leader and effective advocate—starting with the development of a dedicated corporate governance portfolio that has since become a cornerstone of the NAM’s work.

In his new role reporting to NAM Executive Vice President Erin Streeter, Crain leads a powerhouse policy team that includes Vice President of Domestic Policy Chris Phalen, Vice President of International Policy Andrea Durkin and Chief Economist Victoria Bloom. He also joins a dynamic group of NAM senior external affairs leaders, including Managing Vice President of Government Relations Stef Webb, Managing Vice President of Brand Strategy Chrys Kefalas and Managing Vice President of Communications and Public Affairs Jamie Hennigan—forming a united front driving the NAM’s mission to advance policies that strengthen manufacturing in the U.S.

Before joining the NAM, Crain worked at the Biotechnology Innovation Organization, where he focused on financial services, tax and health care policy. He began his career on Capitol Hill, serving members of both the House Financial Services and Senate Finance Committees. A native of Birmingham, Alabama, Crain holds a B.A. in political science from Mercer University in Macon, Georgia.

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The National Association of Manufacturers 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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Robyn Brookhart began her career in the pump industry in 1997 at her family’s business—Liberty Pumps, a manufacturer based in Bergen, New York, that makes pumping products for groundwater and wastewater removal in residential and commercial applications.

Through the years, she climbed the ladder at her company, holding a variety of positions in sales and marketing, customer service and manufacturing before serving in her current role as company president and CEO.

In 2021, Brookhart received the American Supply Association Women in Industry Alice A. Martin Woman of the Year Award, which recognizes women in the plumbing, heating, cooling and piping industries for significant accomplishment within those industries.

In the latest installment of the NAM’s “Forge Your Path” series, Brookhart talks about why connection is so critical to her company’s culture, why her mantra changes weekly, where she sees her company in five years and more.

Q: What is one lesson or insight you’ve gained in leadership that you haven’t widely shared before but that has been a key part of your company’s success? How did you come to this realization, and how has it impacted your leadership?

Brookhart: “At Liberty Pumps, we take tremendous pride in our culture. Connection and being present are deeply rooted in the way that we function and interact with one another—not just internally, but also with our customers and suppliers. Every conversation matters, and I make it a point to be present and give people my full attention. I believe this is foundational in establishing and maintaining trust, ensuring people feel seen and heard and in opening my eyes to perspectives that may differ from my own. 

“When I look back over the 28 years I’ve been at Liberty, I see this as a thread that’s always been. It’s been key to making sure our workforce knows they’re valued. 

I’m a heart-centered leader. This doesn’t mean I don’t make tough decisions, but it does mean that I do consider how any decision I make will impact other people.”  

Q: Can you share a quote or mantra that defines your approach to leadership? How has this mantra influenced your decision-making and leadership?

Brookhart: “That’s a great question. This might change week by week. It can be a single word, an affirmation or a quote that really resonates. Words carry energy and have a certain power to them. This week, my word happens to be ‘cultivate.’ Other examples have been, ‘where attention goes, energy flows,’ ‘don’t just wish for it; work for it’ and this quote by Ralph Waldo Emerson: ‘The only person you are destined to become is the person you decide to be.’

“Identifying a word or phrase is like setting an intention, and I find that setting an intention helps guide the direction of my decision making and is a factor in how I prioritize my work for the week.”

Q: What accomplishments at your organization are you the most proud of and why?

Brookhart: “This might sound like a mundane response, but I’m proud of the way that our employees (whom we call members) show up to do amazing work every day. Yes, the major next-level outcomes matter of course, but the collaboration, creativity and care that people give to their work each day is what really lights me up.”  

Q: Where do you see your company in the next five years, and what are you hoping to achieve?

Brookhart: “I’m confident we’ll see significant growth with products that we’ve launched recently and products that are on the horizon. We’re tapping into new markets and expanding our offerings to existing markets. There’s a ton of potential, and knowing that is a big part of what energizes our engineering and sales and marketing teams.

“I also foresee the expanded use of automation throughout our factory. With the continuous growth trajectory we’ve been on, the volume of pumps that we’re building and shipping has been increasing steadily. To help keep pace and alleviate potential ergonomic issues, strategically implementing automation has been and will continue to be crucial.  

“I’m also thinking about the overall customer experience. Customer service is one of our strengths, as feedback from the field affirms. We have an amazing team, and I imagine that as great as we are now with prioritizing customer satisfaction, we’ll be even better in five years!”

Q: What are the past three books that you’ve read or podcasts that you’ve listened to that you would recommend to your peers and why?

Brookhart: “I’m constantly reading and listening to podcasts and audio books. I feel like there’s so much to learn and not enough time. However, three of my favorite books that I’ve also encouraged our leadership team to read are ‘Atomic Habits’ by James Clear, ‘Insight’ by Tasha Eurich and ‘Think Again’ by Adam Grant.  

“‘Think Again’ is about perspective and the importance of staying curious.  

“‘Insight’ is about self-awareness. It shines a spotlight on how we see ourselves versus how others might see us, and how we, as leaders, can solicit honest feedback to gain clarity on how others view our behavior.

“‘Atomic Habits,’ as the name suggests, is about how to incorporate beneficial habits into our lives, while also releasing those that don’t serve us well. As with the other two, it’s well-written, interesting and backed by science.  

“As for podcasts I enjoy, I tend to nerd-out on the topic of health span. So, my list primarily includes podcasters who are functional medicine doctors and medical professors.”

If you are a buyer at a big manufacturing firm, you probably discover new suppliers through a mixture of Googling, networking and serendipity. But what if you could search a single database full of suppliers in your state and across the country, view their exact capabilities and certifications and then contact them directly? Or simply list your needs and have qualified suppliers respond to your post, then select the ones who meet your criteria?

You can do all that on CONNEX Marketplace, sponsored by the NAM and run by i5 Services. Think of it as manufacturers’ version of Facebook, LinkedIn or Match.com—the perfect place to find brand-new links for your supply chain. Today, the database boasts 165,000 companies of every size and sector, with more than 300 large buying organizations searching for suppliers on the platform.

One state is way out ahead in the quest to re-localize and strengthen supply chains via CONNEX, and that is, fittingly, Connecticut. We chatted with Connecticut Chief Manufacturing Officer Paul Lavoie about his big vision for the small state and the way it has reshaped national supply chains already.

Making connections: The only chief manufacturing officer in any U.S. state government, Lavoie has a simple mandate: help manufacturing grow in Connecticut.

• As a state official, however, he can’t personally introduce one company to another to help them do business. He needed an intermediary, and CONNEX was the answer.
• While all manufacturers can subscribe to CONNEX to access the national database for a fee, some states have funded state-specific instantiations of the database that in-state companies can use as well. The state governments, manufacturing extension partnerships or other associations cover the costs and help recruit more in-state firms to use the platform, enriching it for everyone.
• Lavoie saw the potential of the state-specific model, created Connecticut’s version in 2022 and began a transformation of its manufacturing sector.

Supply chain success: Today, nearly 600 Connecticut companies have built full profiles on CONNEX, out of a total of 2,504 state-based firms in the database.

• Large manufacturers and other major buyers from across the U.S. have contacted Connecticut manufacturers due to their presence in CONNEX, including Northrop Grumman, the U.S. Army and Hill Air Force Base.
• One large Connecticut company had been working with a supplier in Texas, but CONNEX showed that a similar supplier was located just a few miles away from its facility.
• That supplier now serves several large manufacturers within Connecticut and is “the poster child for shortening supply chains and growing an ecosystem,” said Lavoie.
• And lastly, another Connecticut manufacturer was forced by recent tariffs to find an inspection service within the United States, having previously used a Canadian firm. CONNEX helped the manufacturer find a company in Vermont that provided the same service.

The big guys: Thanks to the efforts of i5 Services President and CEO Alan Davis and Lavoie himself, CONNEX is building out its stable of major manufacturers.

• Several aerospace giants in Connecticut have joined, including RTX. Along with Northrop Grumman, other global companies seeking suppliers through CONNEX include Siemens, General Dynamics, PR Hoffman, Applied Materials and Medtronic.
• Big companies know they need to shorten and secure their supply chains, Lavoie told us—and CONNEX is the perfect tool to help them.

How it works: When a company joins CONNEX, the first step is to build out its profile. This involves providing information about its capabilities, factory equipment, processes, certifications, materials, industry sectors, NAICS/SIC codes, capability statements and more.

• In Connecticut, Lavoie’s office helps manufacturers complete their profiles, providing “concierge service” and even going through the process with manufacturers by phone.
• Once a company is signed up, it can start searching for and sending direct notifications to qualified suppliers or buyers.
• CONNEX also features an Exchange Center, where companies can post their RFQs, RFPs or RFIs. The average contract value of each opportunity posted in the Exchange Center is more than $1 million, and after suppliers respond to a post, they can usually expect an interview within about two weeks.

The last word: Due to the funding from Lavoie’s state office, CONNEX is “an amazing business development tool with no additional costs to Connecticut manufacturers,” he pointed out. “Not only does CONNEX help manufacturers throughout the country strengthen and shorten their supply chains, but it enables state governments and MEPs to strengthen their states’ economies.”

NAM President and CEO Jay Timmons will join congressional leaders for an “Invest in America” roundtable on Capitol Hill today to highlight the urgency of making the pro-manufacturing 2017 tax reforms permanent and more competitive.
 
The details: House Majority Whip Tom Emmer (R-MN), Treasury Secretary Scott Bessent, House Ways and Means Committee Chairman Jason Smith (R-MO) and other key Members of Congress will be in attendance. They will be joined by a group of NAM members of all sizes, representing manufacturing sectors such as metal fabricators, defense and pharmaceuticals and consumer-packaged goods, among others.

Timmons and Emmer: This morning, ahead of the closed-press meeting, Timmons and Emmer appeared on Fox Business’ “Mornings with Maria.” They reinforced the urgency of making these tax provisions permanent. Otherwise, “businesses in America are not going to invest” and “small businesses will get hit the worst,” according to Timmons.

Also this morning, Timmons and Emmer published a joint op-ed in Fox Business, which the White House amplified on social media.

• “The expiration of the Tax Cuts and Jobs Act would be detrimental to American businesses, manufacturers, consumers and families,” Timmons and Emmer wrote. “If Congress does not act to ensure President Donald Trump’s successful tax plan stays in place, taxes will go up for Americans at every income level. The average American would see a tax hike of 22 percent, over $1,600.”
• “A recent National Association of Manufacturers study indicated that failing to preserve these tax reforms will cost America 6 million jobs, $540 million in wages, and our economy will suffer a $1.1 trillion hit.”

GOP says: Emmer said on Monday that preserving tax reform was a “top priority” for Republican leaders.

• “The American people are hungry for an economic boom that is already underway,” Emmer told Fox News Digital. “But [it] will only be fully realized if Congress acts to continue the 2017 Trump tax cuts through reconciliation.”
• Bessent told the news outlet that “making President Trump’s Tax Cuts and Jobs Act permanent will help to secure the stable business environment that investors are seeking.”
• Timmons also spoke to Fox News Digital in an exclusive interview, saying “every day without action harms manufacturers’ ability to invest in America and plan for the future.”

NAM in action: The NAM is also launching a series of ads today featuring shop floor manufacturers advocating that the 2017 tax reforms be made permanent.

In the news: The roundtable was also covered by POLITICO’s Inside Congress and Morning Tax newsletters as well as Punchbowl.

The NAM is advocating for manufacturers’ trade policy priorities as part of a common-sense, comprehensive manufacturing strategy.
 
What’s going on: A proposed new entry fee on vessels entering U.S. ports would result in higher goods costs for consumers, according to the NAM. The administration is also proposing to put new tariffs on imported copper, timber and lumber products.

• The administration should instead “pursue a comprehensive manufacturing strategy that will create predictability and certainty to invest, plan and hire in America,” as the NAM recently told the Commerce Department.

Port fee would harm consumers: In February, the USTR put forth a proposal to charge up to $1.5 million for Chinese ships entering U.S. ports of call—but it’s a move the NAM said would prove harmful if put into effect.

• “This approach would effectively impose the minimum fee on nearly 100% of vessels making calls on U.S. ports, adding an estimated $600–$800 for each twenty-foot equivalent container unit. Shippers likely would pass the entirety of this cost through to their business customers, in many cases further raising the cost of manufacturing in the U.S,” the NAM told U.S. Trade Representative Jamieson Greer.
• In fact, manufacturers are already getting upwardly revised quotes of at least $1,500 more per container, the NAM continued.
• Instead of implementing the new fee, the USTR “should seek to directly remedy the non-market practices and subsidization of Chinese state enterprises that undermine global competition in the shipbuilding industry,” the NAM said.

Copper: The administration recently launched an investigation into whether copper imports pose a threat to national security.

• Though copper is critical to modern manufacturing, the U.S. copper sector’s vertical supply chain is currently “only capable of meeting 53% of domestic demand for refined copper cathode.” This makes importing copper necessary, the NAM told Commerce Secretary Howard Lutnick earlier this month.
• The NAM supports the Trump administration’s efforts to increase U.S. copper production and processing. Rather than impose tariffs, the administration should employ an NAM-crafted strategy: one that focuses “on making pro-growth tax reforms permanent, expediting permitting reform, restoring regulatory certainty, strengthening the manufacturing workforce and implementing effective trade policy,” the NAM told Lutnick.

Timber: The administration has also begun to investigate timber and lumber imports, and President Trump has promised to prioritize increasing U.S. timber production to decrease American reliance on imports. The NAM agrees, it told Lutnick in a separate communication—but new tariffs are not the answer.

President Donald Trump is going all-in on tariffs—leading to volatility for markets, manufacturers and America’s trading partners.
 
Weekend update: Over the weekend, the president called the sweeping new trade actions “an economic revolution,” urging supporters on Truth Social to “HANG TOUGH.” By Monday, he was threatening an additional 50% tariff on China by Wednesday unless it reverses its retaliatory moves. “All talks with China concerning their requested meetings with us will be terminated!” he said. 
 
Behind the scenes: According to the administration, more than 50 countries have reached out to open tariff negotiations, but multiple sources say that there’s no structured process. “The phone lines are open,” a White House official said. “But for businesses looking for certainty, the message is clear: Don’t wait, come build in America.” 
 
From tariffs to structural demands: Manufacturers hoping that a tariff deal could end the standoff may be disappointed. On CNBC’s “Squawk Box,” White House trade adviser Peter Navarro dismissed Vietnam’s proposed zero-tariff deal as “meaningless” without changes to what he called “non-tariff cheating”—ranging from value-added tax systems to intellectual property theft and product dumping.

• Later in the interview, he amended this statement somewhat, saying zero tariffs would be “a small first start.” “The goal here, ultimately, is to have people make things here,” he added.
• Navarro also claimed that the tariffs would lead to “the biggest tax cut in American history.”

Zoom In: While Navarro predicted a market rebound and eventual growth, businesses are still waiting for clarity.
 
Global reactions: EU officials announced plans to negotiate but warned of countermeasures and new import surveillance. Yesterday, Israel held in-person talks with President Trump. China has responded  by devaluing the yuan against the dollar and promising to “fight to the end” of a trade war.

What it means for you: The NAM is calling for smart, strategic trade policy—solutions that restore certainty, strengthen U.S. manufacturing and protect supply chains.

• As NAM President and CEO Jay Timmons said: “The high costs of new tariffs threaten investment, jobs, supply chains and, in turn, America’s ability to outcompete other nations and lead as the preeminent manufacturing superpower.”
• The NAM is actively engaging policymakers, elevating member voices and providing key data and inputs on trade actions that put manufacturing growth at risk.

Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons released the following statement on the latest tariffs announced today:

“Needless to say, today’s announcement was complicated, and manufacturers are scrambling to determine the exact implications for their operations. The stakes for manufacturers could not be higher. Many manufacturers in the United States already operate with thin margins. The high costs of new tariffs threaten investment, jobs, supply chains and, in turn, America’s ability to outcompete other nations and lead as the preeminent manufacturing superpower.

“Manufacturers build things in America to sell around the world—and manufacturers in America share President Trump’s goal of supporting manufacturing investment, growth and expansion here at home. The president has the opportunity to achieve this vital goal while also minimizing disruptions and cost increases across our industry. To empower manufacturers to drive the U.S. economy, the administration should:

• minimize tariff costs for manufacturers that are investing and expanding in the U.S.;
• ensure tariff-free access to critical inputs that manufacturers use to make things in America; and
• secure better terms for manufacturers by negotiating ‘zero-for-zero’ tariffs for American-made products in our trading partners’ markets—that means they don’t charge us, and we don’t charge them.

“A clear, strategic approach to trade must be part of a comprehensive manufacturing strategy that starts with an urgent appeal to Congress to make the 2017 tax reforms permanent. When these tax cuts were signed into law, it was rocket fuel for manufacturing in America and made the U.S. economy more competitive on a global scale. Manufacturers will work with the Trump administration and Congress to advance policies that help manufacturers grow and thrive—because when manufacturing wins, America wins.”

Background: In March, the NAM released its Q1 2025 Manufacturers’ Outlook Survey, highlighting rising concerns within the industry over trade uncertainties and increasing raw material costs. Trade uncertainties surged to the top of manufacturers’ challenges, cited by 76.2% of respondents—up 20 percentage points from the last quarter of 2024 and 40 points from the third quarter. Increased raw material costs was the second most cited concern, noted by 62.3% of respondents. These trade-related pressures contributed to a slight dip in overall optimism for their companies in the first quarter of 2025, down modestly from 70.9% in the fourth quarter to 69.7%.

According to another recent NAM survey of its members regarding the impact of tariffs on manufacturers, 87% of small and medium-sized manufacturers indicated that they may need to raise prices, and one-third could slow hiring.

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The National Association of Manufacturers 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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org.

Watch Jay Timmons on “Worldwide Exchange”

Timmons on Upcoming Tariff Announcement   

“We don’t know what the actual proposal is going to be, or the actual plan is going to be from the president today, but in any scenario, it’s going to add cost to manufacturers, especially for those inputs that are coming into the United States for finished goods and already finished products. So manufacturers are bracing. We’ve got 14,000 members right now who, frankly, don’t know what the future holds in terms of additional costs, and that’s why you’re seeing this type of concern and sentiment among manufacturers. In fact, three-quarters of manufacturers who we surveyed rate trade uncertainty as their number one concern right now.”

Timmons on Tax Reform, Lowering Costs for Manufacturers

“I think it’s pretty safe to say that everybody would like more things made here in this country, because that’s good for the economy. That’s good for jobs. What is not good, though, is driving up the cost of actually making those things here in the United States. So the first thing that we need … is we need to see Congress, frankly, do its job and get the tax reforms from 2017 renewed, so that … we have the certainty in the tax code. Also the administration is working on reducing the regulatory burden. That’s a lot of costs. That’s about $50,000 per employee per year for a small manufacturer. And then, of course, energy inputs and the cost of energy is important, as well as workforce challenges. We have 500,000 open jobs, for instance, in manufacturing today. So you add all that up, if we could have those advancements and those things that will bring costs down, that’s good for investment here in the United States. Adding costs for inputs, like critical minerals, for instance, really does not help us in the long term.”

…

“There was a lot of enthusiasm when the president came in and talked about strengthening manufacturing here in the United States, talked about an agenda that would lower costs. … If we don’t get the tax reforms renewed, that is an additional cost. If tariffs are imposed, that’s an additional cost. So that’s why you’re seeing consumer sentiment lower. You’re seeing the PMI index that … is now in contraction. That means that manufacturers are putting these decisions on hold. They’re waiting to see whether they should invest and hire, and that’s not good for the economy.”

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The National Association of Manufacturers 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 nearly 13 million men and women, contributes $2.93 trillion to the U.S. economy annually and accounts for 53% of private-sector research and development. The NAM 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org.