A sustained hard closure of the U.S. border with Mexico would trigger a recession in both the United States and Mexico within six months. It’s important to note that the auto industry directly employs one million individuals and accounted for 0.7 percent of the real value added to the U.S. economy in 2017. Thus, the multiplier effects of a border shutdown ... READ MORE >
Manufacturers of all stripes dominate the middle market, making everything from scanners to seatbelts. They create inputs for larger, well-known brands, producing colorants in foods, materials for construction, components for motorcycles and much more.
Under section 232 of The Trade Expansion Act of 1962, The Trump administration has the authority to impose tariffs on automotive imports from the UK, the European Union and Asia. On Feb. 17, the Commerce Department delivered a report on whether the import of these products poses a threat to U.S. national security, giving the administration 90 days ... READ MORE >
Forecasts call for manufacturing growth to increase faster than the general economy in coming years, with production estimated to rise 2.8 percent from 2018 to 2021, according to the Manufacturers Alliance for Productivity and Innovation Foundation (MAPI). This sustained growth will continue to put strains on manufacturers as they compete for an ... READ MORE >