Latest News Related to the Screw Machining Industry

Update on Trade and Tariffs- August 14, 2018

As details develop on the newest trade and tariff acts, the PMPA is providing information valuable to understanding how these impact the manufacturing industry.  The PMPA is an international trade association representing the interests of the precision machined products industry. 

301 Tariffs on China Imports which include machining centers for working metals and equipment. U.S. imposed 25% tariffs on 818 imported Chinese products on July 6.  After August 23, 25% tariff goes into effect on 279 products worth $16 billion.   And after September 5th, an addtional 6,031 products worth $200 billion will have 25% tariffs applied.

The President is calling for 20-25% tariffs on Auto and Automotive Parts imported from all countries.  These could take effect as early as late August.  The tariff will cover cars, SUVs, vans and light trucks up to 10,000 lbs as well as automotive parts.   The definition of automotive parts is not final and could extend into heavy duty, defense, and agriculture

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American Institute for International Steel Files Lawsuit

by AIIS Staff 

 June 27, 2018                                                       

Washington, DC: The American Institute for International Steel (AIIS) and two of its member companies, SIM-TEX, LP, of Waller, Texas, and KURT ORBAN PARTNERS, LLC, of Burlingame, California, filed suit today in the United States Court of International Trade in New York City challenging the constitutionality of the statute under which President Trump imposed a 25% tariff on imported steel. The lawsuit seeks a declaration that the law relied on by President Trump to impose that tariff is unconstitutional, as well as a court order preventing further enforcement of the 25% tariff increase. 

In its lawsuit, AIIS and the two companies allege that the statute, Section 232 of the Trade Expansion Act of 1962, violates the constitutional prohibition against Congress delegating its legislative powers to the President because it lacks any “intelligible principle” to limit the discretion of the President. Section 232 allows the President to impose unlimited tariffs or create other trade barriers at his unfettered discretion if he believes they are needed so that “imports will not threaten to impair the national security,” which is expansively defined in Section 232.  Read more

Steel Tariffs- HIGHER PRICES!

By Miles Free
Prices for Hot Roll Steel Band in the US U.S. are $465 higher than in China (compared to $471 in the last report two weeks ago), and $358 higher than in the EU (compared to $372 in the last report). Steel in the US is 76% more expensive than in China. Steel in the US is 49% more expensive than in the EU.

How’s steel profits? Steel Dynamics Joins Nucor – Doubling Profits.

The next time somebody says “National Security” I am seriously gonna lose my cool!

Read more from Miles Free.

Made-In-USA Spotlight

Little Big Shot Product at Avanti EngineeringAvanti Engineering is the right U.S, Manufacturer to supply brass turned parts for the "Little Big Shot" nozzle. Assembled by United States Veterans, many who are disabled, in Long Beach, CA and more recently in Milwaukee. This Made in the USA product has consumers purchasing the nozzles to support our veterans. Click to read the full article.

Traders exit Treasurys after strong jobs report

NEW YORK (AP) - In the face of improving economic numbers, U.S. government bonds seemed like the wrong place to be.Traders fled the safety of bonds and bought riskier investments such as stocks after the unemployment rate Friday dropped to its lowest level in three years.The jobs report provided hope that the U.S. economic recovery is picking up steam. Stocks generally reflect the fortunes of companies and an improving economy portends higher stock prices. Bonds have a fixed income. However, the uncertainty in recent months from the European debt crisis and a shaky economic recovery in the U.S. have led traders to buy bonds despite their current low yields and give up the potential of higher returns in the stock market.On Friday, the price of the benchmark 10-year Treasury note dropped $1.84 for every $100 invested, sending its yield up to 1.92 percent from 1.82 percent late Thursday.The 30-year bond plummeted $2.34, sending its yield up to 3.12 percent from 3 percent.The United States added 243,000 jobs last month, far more than economists expected and the most since last April. That sent the U.S. unemployment rate to 8.3 percent, the lowest in three years. Read More

What Manufacturers Expect in 2012
By Ilya Leybovich
The manufacturing sector posted steady growth through most of 2011, both on a global level and in the U.S. While there are serious concerns about economic instability from the European debt crisis and a still-weak housing sector, the outlook for manufacturing in the new year is largely positive.
Despite fears of another recessionary dip, worldwide manufacturing production continues to perform well, recently posting strong quarterly gains in major economies. This continued resilience and growth in manufacturing indicates that a global downturn in industrial production is not imminent and that the factory sector will retain its position at the forefront of the rebound. Read More
Here's Why American Manufacturing Will Make a Comeback
The rising Chinese middle class, along with rising fuel costs, creates a perfect storm.
Boston Consulting Group recently put out a report outlining the future of manufacturing in the United States. Surprisingly, it leads me to believe we could be headed for a strong revival in this oft-downtrodden industry. Read More

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