Resources
In mid-December, the White House announced a Phase One trade deal with China. The new agreement leaves the current 25 percent Section 301 tariffs on Lists 1, 2 and 3 untouched. These are the tariffs that most substantially impact NAFEM members and other manufacturers. It reduces the tariffs on List 4A from 15 percent to […]
The U.S. Trade Representative (USTR) has determined that France’s Digital Services Tax is burdensome on U.S. commerce. The 3 percent tax applies to the annual French revenue of U.S. tech firms like Google, Apple, Facebook and Amazon. In response, USTR proposed Section 301 tariffs of up to 100 percent on numerous French imports, including cheese, […]
On Dec. 2, President Trump tweeted that the U.S. would impose Section 232 tariffs on steel imported from Brazil, and steel and aluminum imported from Argentina, in response to the countries devaluing their currencies. Both countries were not subject to the original Section 232 tariffs because of previously negotiated import quotas. Thus far, there has […]
Experts expected the 2017 Tax Cuts and Jobs Act to increase long-run gross domestic product (GDP) by 1.7 percent, create 339,000 jobs and raise wages by 1.5 percent before it sunsets in 2025. However, $88 million in tariffs imposed thus far could reduce this impact by as much as 40 percent, according to the nonprofit […]
On Nov. 19, NAFEM and representatives from the U.S. Environmental Protection Agency’s (EPA) Office of Air and Radiation met to discuss individual states’ requirements that certain commercial appliances sold, leased or rented in those states meet or exceed ENERGY STAR and WaterSense requirements. While EPA is concerned about pre-empting states’ abilities to set their own […]
The U.S. House of Representatives is in session Jan. 7-16 and Jan. 27-28. The Senate has not announced its January schedule.
On Dec. 19, the U.S. House of Representatives approved the amended United States – Mexico – Canada Agreement (USMCA). Previously, all three countries signed the amended agreement after House Democrats and U.S. Trade Representative Robert Lighthizer worked with Mexico to address concerns around enforcement, labor and environmental standards, and prescription drug pricing. The Senate is […]
“NAFEM’s monthly hot- and cold-side updates give us the edge we need to anticipate and overcome regulatory hurdles.
The holiday season is a wonderful time of year filled with excitement and cheer—and plenty of opportunities. To show you just what we mean, we’ve gathered some of our favorite holiday facts, insights and trends.