The National Association of Manufacturers (NAM) has expressed concern over the latest tariffs announced, highlighting potential challenges for U.S. manufacturers. Jay Timmons, President and CEO of NAM, said that "today’s announcement was complicated, and manufacturers are scrambling to determine the exact implications for their operations." He emphasized that the stakes are high as many manufacturers operate with thin margins, and new tariffs could threaten investment, jobs, and supply chains.
Timmons acknowledged that while manufacturers support President Trump's goal of boosting manufacturing in America, there is a need to minimize disruptions and cost increases. He urged the administration to "minimize tariff costs for manufacturers," ensure "tariff-free access to critical inputs," and negotiate better terms with trading partners through 'zero-for-zero' tariffs.
The NAM is advocating for a comprehensive manufacturing strategy that includes making the 2017 tax reforms permanent. Timmons remarked that these tax cuts were "rocket fuel for manufacturing in America" and essential for maintaining global competitiveness.
Recent surveys by NAM have shown increasing concerns among manufacturers about trade uncertainties and rising raw material costs. The Q1 2025 Manufacturers’ Outlook Survey indicated that trade uncertainties are now a top challenge, cited by 76.2% of respondents. Additionally, another survey revealed that 87% of small and medium-sized manufacturers might need to raise prices due to tariffs.
NAM continues to work with the Trump administration and Congress on policies beneficial to manufacturing growth in the U.S., emphasizing that "when manufacturing wins, America wins."
Information from this article can be found here.
