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President Trump signed more individual country letters this week, following his extension to Aug. 1 of the pause on “reciprocal” tariffs over 10%.

A quick recap: The president had delayed tariffs on individual countries, which had been announced on April 2, until July 9. He imposed a flat 10% tariff until then on all countries except Mexico, Canada and China.

• This week, he extended that pause until Aug. 1. If new trade deals are not reached by then, individual country rates will go into effect.

More letters: The president had issued letters on July 7, assigning tariff rates to imports from more than a dozen countries and followed those up with more letters to other countries on July 9. The second round included Libya, Iraq, Algeria, Moldova, Brunei and the Philippines.

• The letters also warned that if countries impose retaliatory tariffs, U.S. levies will rise as well. The increases cited in the letters range from 25% to 50%.
• You can find a full chart here of the countries that have received letters, as well as those that were included in the April 2 order but have not yet received letters.

Targeting Brazil: The U.S. ran a trade surplus with Brazil in 2024, which means it was not included in President Trump’s imposition of tariffs in April.

• Decrying the legal proceedings against former Brazilian president Jair Bolsonaro along with social media censorship policies (as well as trade barriers), President Trump announced that the U.S. is imposing a 50% additional tariff on Brazil, which will rise another 50% should Brazil retaliate.
• President Trump also ordered the United States Trade Representative to open a Section 301 investigation into Brazil’s “attacks on the digital trade activities of American companies” and other unfair trade practices, which could result in other tariffs.

Section 232: In a Truth Social post, the president mentioned plans for Section 232 tariffs on copper.

• The administration will have to issue a proclamation and provide documents defining the scope of the tariffs, including which products are subject to them, so details are yet to come.

The NAM is monitoring the administration’s actions on Section 232 closely and has been detailing manufacturers’ interests and concerns for the administration. You can read about its advocacy here.

The NAM has long called for the comprehensive reform of pharmacy benefit managers, and on Thursday, Rep. Buddy Carter (R-GA) delivered for manufacturers.

What’s going on: Rep. Carter, along with a group of 11 bipartisan members of Congress, introduced the PBM Reform Act to curtail abusive practices by PBMs, which are underregulated middlemen that drive up health care costs for manufacturers and manufacturing workers.

• The NAM has been pressing hard for PBM reform for years.

What it would do: The PBM Reform Act consists of crucial PBM reforms that the NAM has long supported, including:

• Increasing transparency of PBM practices in employer-sponsored health insurance and Medicaid;
• Delinking PBMs’ compensation from prescription drug list prices in Medicare; and
• Banning spread pricing in Medicaid.

Why it’s important: “PBMs are middlemen that drive up health care costs and offer little value to the health care system,” said NAM Managing Vice President of Policy Charles Crain.

• “Small and medium-sized manufacturers are facing rising health care costs—and PBM reform will empower these businesses to offer competitive benefits to manufacturing workers. Manufacturers commend Rep. Carter for introducing legislation to enact much-needed PBM reforms, and we encourage Congress to take steps to curtail PBMs’ abusive practices.”

One week after the reconciliation bill was signed into law, making crucial pro-growth tax policies permanent, manufacturers are still celebrating.

Winton Machine Company CEO and Co-Owner and NAM Board Member Lisa Winton congratulated congressional leaders and the NAM on the passage of the bill, saying, “I would be remiss not to acknowledge the unwavering leadership and dedication shown over the past two years in driving the renewal of the tax package,” in a LinkedIn post.

The congressional effort: Winton thanked policymakers for their concerted effort in speaking to small manufacturers about the impact of these tax policies.

• “From holding hearings across the country to meeting directly with small business owners and CPAs representing thousands of clients, the commitment to understanding the real-world impact of not renewing the [Tax Cuts and Jobs Act] has been clear and consistent.”
• “Thank you … [House Ways and Means Committee] Chairman Smith for ensuring that the voices of Main Street were not only heard—but reflected in the policy discussions that shape our economy. Thank you Speaker [Mike] Johnson for working across the aisle and for taking the time to listen when I shared what the impact would be to not only my company but the entire industry.”
• “Thank you to President Trump, Vice President Vance, Majority Leader Scalise, Majority Whip Emmer, Conference Chair McClain and all the members of Congress who took the time to listen and take action.”

The NAM’s effort: Winton also gave a shoutout to the NAM, thanking President and CEO Jay Timmons, Executive Vice President Erin Streeter, Managing Vice President of Policy Charles Crain and the whole NAM staff for working “tirelessly on behalf of manufacturers of all sizes to make this happen.”

Manufacturers’ efforts: Winton also recognized the enormous advocacy efforts undertaken by manufacturing leaders themselves.

• “Thank you to all the manufacturers who took the time and money to get on a plane or invite members of Congress to their facilities so that they could be educated on what the future of American manufacturing looks like.”
• Winton herself played a key part in these efforts, testifying before an April 2023 field hearing of the House Ways and Means Committee on the importance of pro-growth tax policy.

The last word: “I am committed as a manufacturer to continue to help drive innovation and invest in the future manufacturing workforce here in the USA,” Winton affirmed.

In case you missed it, catch the NAM’s thank-you video celebrating the champions who made the One Big, Beautiful Manufacturing Law happen, featuring manufacturers of all sizes. And check out the NAM’s #ManufacturingMinute video on Instagram highlighting its advocacy efforts that helped get the bill across the finish line.

The Defense Department will buy $400 million of MP Materials’ preferred stock, becoming its largest shareholder, the company announced today (CNBC). MP Materials owns the only rare earth mine operating in the U.S. today at Mountain Pass, California.

The background: “Rare earths are used in magnets that are key components in a range of military weapons systems including the F-35 warplane, drones and submarines, according to the Defense Department.”

• The U.S. imports almost all its rare earths, with China supplying about 70% of imports in 2023, according to the U.S. Geological Survey.
• Rare earth imports from China have become a point of dispute in U.S.–China trade relations.

Looking ahead: “MP Materials will build a second magnet manufacturing facility in the U.S. to serve defense and commercial customers with support from the Pentagon. The facility, whose location wasn’t disclosed, is expected to start commissioning in 2028 and will bring MP Materials rare earth magnet manufacturing capacity to 10,000 annual metric tons.”

• The Pentagon will buy all magnets produced by the new facility for a period of 10 years after it is built.

What they’re saying: “We understand that this partnership is ultimately on behalf of the taxpayers and our national security, and with that comes a great responsibility to get this done right,” MP Materials CEO James Litinsky told investors in a call this morning.

• “Securing America’s supply of rare earth materials and magnets is essential to our economic and national security.”

The NAM says: “The NAM has long led the charge for diversifying sources of critical minerals both to strengthen manufacturing supply chains and to safeguard its national security,” NAM Director of Energy and Resources Policy Michael Davin said.

• “Investments like this one are an innovative way for the U.S. government to make good on its promise to manufacturers and the American people.”

Operators of U.S. ports say that the Trump administration’s proposed tariffs on port equipment would add tens of millions of dollars in costs to much-needed upgrades (The Wall Street Journal, subscription).

The background: “The administration is proposing tariffs of up to 100% on Chinese-made cranes and other cargo-handling equipment as part of broader efforts to counter China’s dominance of the maritime industry.”

• “Shipping industry officials say the fees would be stacked on top of 25% tariffs on Chinese-made cranes introduced under the Biden administration, and in addition to China duties being considered by Trump’s trade team.”

Chinese dominance: One Chinese company, Shanghai Zhenhua Heavy Industries, is the maker of nearly 80% of ship-to-shore cranes used in the U.S., and Chinese firms produce a total of 70% of all such cranes worldwide, according to U.S. government data.

• Chinese cranes cost about $15 million on average—several million dollars less than competitors’ cheapest offerings, according to shipping industry leaders.
• Meanwhile, there are no domestic U.S. producers of these cranes, nor can smaller manufacturers in other countries provide enough cranes to equip U.S. ports.

The risks: “Administration officials worry China’s control of critical infrastructure is an economic and a national security threat. They also allege some Chinese-made cranes have been fitted with communications equipment that could be used for espionage.”

The ask: Since a typical order for a ship-to-shore crane takes two years to fulfill, “port operators are asking the administration to provide tariff exemptions for cranes ordered before the end of 2024.”

• “They are also asking the [U.S. Trade Representative’s] office to delay imposing levies on new crane orders for three years to give time for crane manufacturing to develop in the U.S., or for manufacturers in allied countries to expand production.”

NAM in action: The NAM has been in close contact with the USTR, advocating for policies that strengthen American shipbuilding instead of imposing burdensome new fees.

• In March, the NAM weighed in on the Trump administration’s plan to impose fees on Chinese ships entering U.S. ports, saying, “The NAM encourages the administration to focus on revitalizing American shipbuilding—not burdening manufacturers in the U.S. through new port fees that will reduce the availability of the necessary cargo capacity at U.S. ports, increase pressure on domestic infrastructure and raise costs that may render American exports less competitive around the world.”

Earlier this week, the NAM followed up with the USTR to stress the burden that these port fees would cause, citing especially the difficulty they would pose for vehicle and liquefied natural gas exports. “We continue to have concerns regarding the overall impact to manufacturers in the U.S. of proposed and impending port fees,” said NAM Vice President of International Policy Andrea Durkin.

The U.S. will lose the race for leadership in artificial intelligence unless it ramps up baseload power generation, the Energy Department said in a report issued Monday (E&E News).

What’s going on: If older, traditional-source power plants continue to close at the current pace and the construction of new facilities is not sped up, “DOE said that parts of the mid-Atlantic and Great Plains regions could face 400 hours of power outages in 2030 in a worst-case scenario where tech companies build giant energy-hungry AI data centers unabated.”

• In the scenario laid out in the report, Eastern states served by regional transmission organization PJM Interconnection—including Maryland, Pennsylvania and Virginia—would see “power shortages … that could total more than a month over the course of the year” by 2030, owing in large part to unchecked data center growth.

Yes, but … The report also notes that grid operators would not greenlight data center construction that would harm “the reliability of the system.”

The big picture: Some 104 gigawatts of traditional power plant capacity is slated for retirement by 2030, according to the DOE—and it isn’t being replaced fast enough to meet projected demand. (For reference, one gigawatt is capable of powering about 850,000 homes.)

• Last month, the NAM commended the administration for its plans to repeal the previous administration’s power plant regulations, which would have mandated unfeasibly stringent emissions rules on traditional-source power plants.
• “A consensus of grid operators in U.S. competitive power markets like PJM and the Southwest Power Pool is that grid reliability faces extraordinary stresses if the heavy rate of [traditional power] plant retirements continues,” according to E&E News.
• President Trump has pledged to beat China in grabbing the golden AI ring, an endeavor that will require far more generation—and one which the DOE report classifies as a national emergency.

Our take: “This report from the DOE underscores the need for the U.S. to maintain baseload power generation,” said NAM Director of Energy and Resources Policy Michael Davin. “We need to shore up, not shut down, power generation.”

• The NAM has long urged policymakers to accelerate the permitting process for energy projects. In May, it responded to a request for information from the House’s AI and Energy Working Group seeking input about how to boost energy production, secure the grid and outcompete China in AI.
• “Streamlining permitting processes, cutting red tape, requiring federal agencies make timely decisions and reducing the potential for baseless litigation will help prevent years-long delays that undermine manufacturers’ ability to compete globally,” the NAM told the committee.

What started as a menu item at a single burger restaurant has become a summer staple and a household name across the U.S.: Milo’s Tea.

What’s going on: “Today we’re a tea and lemonade company, but it didn’t start that way,” Milo’s Tea Company Chair and CEO Tricia Wallwork, a member of the NAM Board of Directors, told the “Today” show last week. “There actually was a guy named Milo, and he was my granddad.”

• After serving in World War II, Milo Carlton—who had “always had a passion for food” and had been a cook in the army—opened a burger restaurant in Birmingham, Alabama.
• His biggest hit? The eatery’s sweet tea. In 1946, Carlton and his family decided to start the beverage business.
• In 2022, the firm became the top-selling refrigerated tea brand in the U.S. It’s also the fastest-growing refrigerated lemonade brand.

A manufacturing powerhouse: In April, the beverage maker opened its fourth manufacturing site, a 10,000-square-foot brewing and packaging facility in Spartanburg County, South Carolina.

A major success story: Today Milo’s Tea is available for sale in all 50 states at more than 55,000 retail locations—but it remains family-owned. (It’s also a certified women-owned business.)

• When Wallwork took the helm in 2012, “we had [maybe] 40 people,” she said. Now, “we’re going to end this year with over 1,000.”

Making Milo proud: Still, despite its explosive success, the company—which will release a zero-sugar lemonade this year—is faithful to its roots.

• “It was my grandfather’s recipe, and it’s still the same formula we use today,” Wallwork told “Today’s” Kathy Park.
• “I think my grandparents would be so proud of the wonderful jobs we’ve been able to create and the many lives that we’ve been able to touch through our business and through our flavors and our brands.”

President Trump has extended the 90-day pause on “reciprocal” tariffs over 10% until Aug. 1 and issued revised reciprocal tariff rates for several countries, set to take effect if no agreements are reached by then.

The extension: President Trump issued an executive order effectively extending the baseline additional 10% “reciprocal” tariff on all countries (except Mexico, Canada and China) until Aug. 1.

• No new trade deals have been announced, though the White House has hinted that some may be revealed in the next day or two.
• This pause is an extension of the original pause in the “reciprocal” tariffs that were announced on April 2. The pause has been in place since April 9.

Country-specific rates: The president also announced revised “reciprocal” tariffs for specific countries in the form of letters to his counterparts. These rates are similar to those announced in April, with some slightly lower.

• Courtesy of the NAM’s trade policy experts, here is a link to a chart  comparing the April 2 rates with the July 7 rates and links to where each letter is posted on the president’s Truth Social account.
• These letters also declared that if U.S. trading partners eliminate tariffs and other trade barriers, the U.S. may adjust the rates “upward or downward.”
• However, the letters warn of retaliation if countries raise tariffs in response to these rates.

Other tariffs: The July 7 EO does not modify other International Emergency Economic Powers Act tariff rates applied to Canada, Mexico or China, and does not change any Section 232 tariffs in effect.

Manufacturing accelerator: The NAM has offered its own policy solution for the administration that will jumpstart American manufacturing, the U.S. Manufacturing Investment Accelerator Program .

• This program offers a way to bring in inputs essential to manufacturing in the U.S.—and it rewards manufacturers that expand production, invest in new equipment and create jobs here at home.

The U.S. has the highest number of annual measles cases in decades, with at least 1,277 confirmed cases across 38 states and Washington, D.C. (The Washington Post, subscription).

What’s going on: “The nation surpassed infections reported in 2019, reaching the largest number of cases since 1992, when officials recorded more than 2,100 infections, according to data published Friday from the Johns Hopkins University Center for Outbreak Response Innovation.”

• At least 155 people have been hospitalized with the highly contagious, vaccine-preventable virus, and three have died from associated complications so far in 2025.
• All three fatalities were unvaccinated against measles, and about 92% of known measles cases this year have been in unvaccinated people.
• By contrast, just three measles-related deaths in total were reported from 2021 to 2025.

Where it’s happening: “The largest outbreak has been in West Texas, where officials have recorded more than 750 cases since late January and believe the true toll is much higher.”

• While the spread seems to be slowing, it also seems to be spreading to nearby states.

Why it’s happening: Since a 2019 outbreak in New York, confidence in America’s public health institutions has fallen, and now it’s “sharply divided along political lines.”

Eliminated or not? Though measles was considered eradicated from the U.S. in 2000, the increasing appearance of the viral disease in “close-knit communities with low vaccination coverage” jeopardizes the country’s “elimination status if there is continuous spread of linked measles cases for more than 12 months.”

With the House’s passage of landmark legislation that preserves pro-manufacturing tax policies, the NAM has achieved a crowning victory after nearly a decade of nonstop advocacy.

• This achievement is “the result of years of serious, sincere partnership between our nation’s manufacturers and our elected leaders,” said NAM President and CEO Jay Timmons.
• “From the shop floors of small businesses to the headquarters of global companies, from plant managers and line workers to members of Congress and the administration, this achievement reflects what’s possible when policymakers choose to work with manufacturers.”

The first time around: During his first term, President Trump laid out his vision for tax reform at an NAM board meeting in 2017, and the NAM’s and manufacturers’ tireless efforts helped make that vision a reality in the form of the Tax Cuts and Jobs Act.

• Following the passage of the 2017 law, manufacturers made huge investments in their workforces, facilities and communities, as well as in innovation and research and development.
• The numbers tell the tale: in 2018, manufacturing in the United States achieved its best year in job creation in more than two decades, the best wage growth in 15 years and impressive growth in capital spending, which increased by 4.5% in 2018 and by 5.7% in 2019, as NAM research showed.
• Scores of manufacturers spoke out about the transformative effects of tax reform after it went into effect, in an NAM series titled “Keeping Our Promises.”

The second time: These crucial tax provisions began phasing out starting in 2022, threatening manufacturers’ investments and plans for future growth. So the NAM never stopped its advocacy, laying the groundwork for legislation that would make these important reforms permanent.

• While still a nominee, President Trump spoke at the NAM board meeting again in fall 2024, reaffirming his commitment to his signature legislation and to the manufacturing industry itself.
• Immediately after the 2024 election, the NAM began working closely with the new Trump administration and Congress, unrelentingly promoting manufacturers’ priorities and ensuring that today’s legislative victory would take place.

The NAM retakes the stage: Among the NAM’s many advocacy activities in the past several months—too many to list here—were hundreds of meetings with lawmakers and administration officials, dozens of elected officials hosted on shop floors around the country, thousands of messages and articles, several large-scale ad campaigns and daily social media advocacy and engagement with the White House’s own social media team.

• This effort, known as the “Manufacturing Wins” campaign, highlighted the words and experiences of shop floor workers, plant managers, executives and state and local partners nationwide.
• The NAM also revisited its “Keeping Our Promises” series in a recent report, in which the same manufacturers who spoke out years ago highlight the considerable increases in investments and growth they have seen since then.

Highlighting costs: The NAM also released a celebrated and widely cited study with EY about the costs of letting tax reform lapse, showing lawmakers that these would include 5.9 million lost jobs, a $540 billion reduction in employee compensation and a $1.1 trillion shortfall in U.S. GDP.

• In a high point of its advocacy campaign, several top congressional leaders joined the NAM at an event on Capitol Hill spotlighting the study, including House Speaker Mike Johnson (R-LA), House Majority Leader Steve Scalise (R-LA), House Majority Whip Tom Emmer (R-MN), House Ways and Means Committee Chairman Jason Smith (R-MO) and Senate Finance Committee Chairman Mike Crapo (R-ID).

Stepping into the spotlight: NAM member companies testified at more than a half dozen congressional hearings on tax reform, highlighting the manufacturing sector’s need for pro-growth tax policy.

• Witnesses included NAM Small and Medium Manufacturers Group Chair Karl Hutter (Click Bond), NAM SMM Vice Chair Austin Ramirez (Husco), NAM SMM Immediate Past Chair Courtney Silver (Ketchie), NAM Board Member Lisa Winton (Winton Machine), NAM Executive Committee Member Chuck Wetherington (BTE Technologies), Steve Sukup (Sukup Manufacturing) and Tom Tredway (Erie Molded Packaging).

Never give up: In April, the NAM partnered with Majority Whip Emmer, Chairman Smith and Treasury Secretary Scott Bessent along with a dozen members of the Ways and Means Committee to host more than a dozen manufacturers to ensure policymakers’ focus remained on bill passage.

The final push: In the past week leading up to the final votes, manufacturers made an unforgettable impact on lawmakers, with nearly 50 shop floor workers flying into Washington, D.C., to visit Capitol Hill offices in person and meet with Deputy Treasury Secretary Michael Faulkender.

• Many more signed an important letter to Senate and House leaders—with a total of 300 executives giving voice to the industry’s needs.

The win: Today, all that effort—thousands of hours spent by thousands of people at every level of the manufacturing industry throughout the country—has finally paid off.

• “Manufacturers are especially grateful to President Trump, Vice President Vance, Speaker Johnson, Majority Leader Scalise, Majority Whip Emmer, Conference Chair McClain and Ways and Means Chairman Smith for their steadfast leadership,” Timmons said.
• “Their commitment to our industry—and to the men and women who make things in America—was essential to get this done. They listened to manufacturers, stood by us and delivered real results.”

The NAM looks ahead: “To invest in manufacturing is to invest in America—in communities in every state and of every size,” Timmons continued.

• “While this bill passed on a party-line vote, manufacturers all across America, in red states and blue states, swing districts and safe districts, look forward to putting people to work, more factories into motion, more innovation into the market, more products onto our shelves and more prosperity into our communities. Taken together, this strengthens the hand of the United States on the world stage. That’s exactly what this bill helps to deliver.”
• “This Congress and this administration understand that a stronger manufacturing sector means a stronger America. We will continue to work with our nation’s leaders to realize and celebrate the benefits of a comprehensive manufacturing strategy that includes not only further tax reforms but also trade, energy, workforce development and modernized regulations.”
• “Because one of the greatest investments our leaders can make for the American people is an investment in manufacturing—the industry that powers our shared prosperity.”