News
Trump Extends “Reciprocal” Tariff Pause, Announces Modified Tariffs on More Than a Dozen Countries
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
Congress Passes Tax Bill, Manufacturers Win
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 […]
Senate Scores Big on Tax Bill
The Senate handed manufacturers a victory this week when it passed President Trump’s critical tax legislation. Now it’s time for the House to seal the deal. What’s going on: “The Senate advanced a tax package that will strengthen small businesses, family-owned operations and manufacturing workers across the country,” NAM President and CEO Jay Timmons
Manufacturers Drive Treasury Deal Scuttling Retaliatory Tax
In a move the NAM called “a massive triumph for manufacturing in America,” the Treasury Department on Thursday announced a deal with G-7 allies to exempt American companies from certain taxes imposed by other nations—resulting in Congress and the administration agreeing to remove from the “One Big Beautiful Bill Act” a U.S. tax on companies from those countries. What’s […]
NAM to House, SEC: Simplify Reporting Requirements
Streamlining, simplifying and reducing compliance requirements would relieve a large burden that now rests on manufacturers’ shoulders, the NAM told Securities and Exchange Commission and Congress this week. What’s going on: “Many small and medium-sized manufacturers incur substantial costs each year to comply with the law, and particularly Section 404(b)” of the Sarbanes-Oxley Act of […]
Bessent, Trump Administration’s Tax Deal Massive Triumph for Manufacturing in America
Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons issued the following statement thanking President Donald Trump and Secretary Scott Bessent for achieving a monumental deal with G-7 allies that the OECD Pillar 2 taxes will not apply to U.S. companies, laying the groundwork to remove the harmful Section 899 proposal from …
Interior Department to Speed Up Offshore Critical Material Development
The Interior Department will begin implementing a new policy to speed up the search for and development of offshore critical minerals, it announced Wednesday. What’s going on: “To support a more efficient and predictable offshore minerals program, the Bureau of Ocean Energy Management … and the Bureau of Safety and Environmental Enforcement … are updating policies […]
