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Nations Woo Manufacturers in Wake of China Tariffs

Editor’s note: As China’s labor costs increase and tariffs disrupt the supply chain, other nations are lobbying for manufacturers’ attention. Recently, a Vietnam-based manufacturer announced it could help U.S. electronics companies avoid tariffs on Chinese imports.  EPSNews reached out to a number of sources for input on this topic, and heard from Maxine Gordon, Regional…

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…