11152018Thu
Last updateThu, 15 Nov 2018 4pm

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New Miscellaneous Tariff Bill Signed into Law

The President has signed the bipartisan Miscellaneous Tariff Bill (MTB) legislation, which was unanimously approved by the House and Senate.

“With his signature, President Trump has freed manufacturers and other businesses from a pointless $1 million a day tax,” said NAM president Jay Timmons. “Now that the MTB is law, manufacturers can better compete against companies in China, Europe and elsewhere. This bipartisan effort delivered a win for America’s manufacturing workers, and it empowers manufacturers to continue delivering for our people and our communities.” 


Beige Book: Manufacturers Concerned Over Tariffs

Reports from the Federal Reserve Districts suggested that the economy expanded at a moderate pace through the end of August. Manufacturing activity grew at a moderate rate in most districts, though St. Louis described business as little changed and Richmond reported a decline in activity. Businesses generally remained optimistic about the near-term outlook, though most districts noted concern and uncertainty about trade tensions--particularly though not only among manufacturers. 

U.S. Manufacturers Continue Capacity Expansion

Manufacturing technology orders for July were up 20% from July 2017, yielding a year-to-date total of $2.96 billion for 2018, up 22% from the same period in 2017. The latest U.S. Manufacturing Technology Orders Report from the Association for Manufacturing Technology (AMT) showed that orders totaled $399 million for the month, down a modest 3% compared to June totals, reflecting the start of the typical summer slowdown. 

NAM Acquires Manufacturing Leadership Council

The National Association of Manufacturers (NAM) has acquired the Manufacturing Leadership Council (MLC), which provides best practices, data and insights to manufacturing companies of all sizes on Manufacturing 4.0.

The MLC provides insights from other manufacturing professionals on topics such as artificial intelligence, predictive maintenance, augmented and virtual reality, robotics, additive manufacturing, current workforce digital readiness and cybersecurity. 

U.S. Added 201,000 Jobs in August

Total nonfarm payroll employment increased by 201,000 in August, and the unemployment rate was unchanged at 3.9%, the U.S. Department of Labor reported today. Job gains occurred in professional and business services, health care, wholesale trade, transportation and warehousing and mining.

Manufacturing employment was down 3,000 in August. Over the year, employment in the industry was up by 254,000, with more than three-fourths of the gain in the durable goods component. 

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