News
SMM Chair: Extend Pro-Growth Tax Policy, Prioritize Permitting and Regulatory Reform
told the House Committee on Small Business at Wednesday’s hearing. “Unfortunately, small companies get hit twice—with unworkable regulations that apply to them [and again with] compliance and reporting requirements that larger firms are forced to pass down. Fortunately, Congress and the Trump administration have the opportunity to reverse course.” Rocket fuel for manufacturing: The 2017 …
NAM Update: President Trump Imposes New Tariffs on Canada, Mexico and China
On Feb. 1, President Donald Trump imposed 25% tariffs on products from Canada with lower 10% on energy products, 25% tariffs on products from Mexico and an additional 10% on products from the People’s Republic of China. NAM Vice President of International Policy Andrea Durkin and her team break down the actions for manufacturers: Executive …
Housing Inventory Drops, Prices Continue to Climb Nationwide
Existing home sales increased 2.2% in December and jumped 9.3% from December 2023, the largest annual gain since June 2021. Housing inventory declined to 1.15 million units, reflecting a 13.5% decrease from November but up 16.2% from last year. The median existing home price was $404,400, up 6.0% from last year, with all four U.S. […]
Optimism Grows, But Tariffs and Strong Dollar Raise Concerns
The S&P Global Flash U.S. Manufacturing PMI rose slightly from 49.4 in December to 50.1 in January, signaling nominal growth in manufacturing after six months of contraction. Both factory production and new orders increased for the first time in six months. Employment also rose for the third month in a row, and the rate of […]
Tenth District Manufacturing Activity Contracts Modestly in January
Manufacturing activity contracted modestly in the Tenth District in January, while expectations for future activity remained positive but slipped from 17 to 15 from December. The Tenth Federal Reserve District encompasses the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; and the northern half of New Mexico. The month-over-month decrease in […]
An Early Analysis of President Trump’s Executive Orders
As expected, the first three days of President Trump’s second administration have brought a whirlwind of activity and change. The President issued 42 Executive Orders and proclamations on Monday alone, mandating over 200 actions by federal agencies and rescinding nearly 80 EOs from the Biden administration. Today, we’re highlighting some of the actions that directly impact manufacturers—keep […]
Trump “Unleashes” U.S. Energy
Unleashing American Energy” executive order, which: Orders a 30-day review by all federal departments and agencies of regulations and other barriers to the identification and development of domestic energy resources (particularly oil, coal, natural gas, biofuels, critical minerals, nuclear and hydropower); Directs the Department of Energy to resume liquefied natural gas export permits, ending the …
