On the 80th anniversary of Victory in Europe Day, the National Association of Manufacturers (NAM) President and CEO Jay Timmons commented on a new trade agreement between the United States and the United Kingdom. This marks the first deal following a recent change in global tariff policy by the administration.
"This is a strong start—but not the finish line," said Timmons. He emphasized NAM's long-standing support for a comprehensive trade agreement with the U.K., highlighting its potential to create manufacturing jobs and enhance security across both nations. Timmons said that while this framework lays a foundation, more work is needed to achieve a full zero-for-zero tariff agreement on industrial goods, which would provide manufacturers with necessary certainty for planning and competition.
The U.K. ranks as the fifth-largest market for U.S.-manufactured goods exports, with $61.6 billion exported in 2024 alone. Meanwhile, $58 billion worth of essential inputs were imported from the U.K., indicating deep supply chain integration. Despite this, certain tariffs remain at 10%, prompting NAM to advocate for zero-for-zero tariffs to boost competitiveness and growth.
Timmons also noted potential benefits from negotiating arrangements on Section 232 tariffs related to autos, steel, and aluminum with partners sharing economic security interests. He expressed anticipation for detailed written agreements soon and urged continued momentum in securing additional deals within 61 days.
He further called on Congress to make permanent the tax reforms enacted in 2017, asserting that combined efforts in trade agreements, tax reform legislation, and regulatory certainty will benefit manufacturers and strengthen America's economy.
NAM has been active in fostering U.S.–U.K. manufacturing ties, with Timmons visiting London in Spring 2023 to promote a new trade accord and signing an MOU with Make UK to enhance bilateral cooperation. NAM's priorities include eliminating tariffs, strengthening digital trade commitments, addressing intellectual property issues, collaborating on standards and regulations, and aligning customs procedures.
The National Association of Manufacturers represents small and large manufacturers across all sectors in every state. Manufacturing contributes significantly to the U.S. economy and employs nearly 13 million people.
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