Why Scrapping TPP is a Bad Idea

U.S. companies will likely be hurt—rather than helped—by President-elect Donald Trump’s promise to nullify the Trans-Pacific Partnership (TPP), trade and freight experts say. While U.S. manufacturers may find it easier to compete domestically, cancelling the TPP will make it harder to export to some of the fastest-growing consumer markets in the world. “You could call…

U.S. Manufacturers: 4.1% Growth Forecast in 2016

The domestic manufacturing industry—which appears to be ending 2015 on a sour note – expects moderate growth in 2016. The U.S. manufacturing base in November contracted for the first time in three years, according to the Institute for Supply Management’s  leading business index.  For 2016, 63 percent of respondents to the ISM’s Semiannual Economic Forecast…

Manufacturing Ends 1H 2015 Better Than it Started

The U.S. manufacturing industry closed the first half of the year in better shape than it started, but it’s still facing a few headwinds. After a number of fits and starts over the past few months the Institute for Supply Management’s June PMI—a leading manufacturing business indicator—is hovering around the 53 percent mark and ticked up…

HSBC: U.S. Technology Will Lead Export Growth

It might be hard to reconcile U.S. export optimism against  factors such as offshoring, but HSBC finds trade optimism among U.S. business leaders is at an all-time high. Moreover, according to HSBC analysis,  the U.S. is positioned to retain its dominance as a global technology export leader, including in industrial machinery, for the next  20…