The National Association of Manufacturers (NAM) has introduced the U.S. Manufacturing Investment Accelerator Program, aiming to enhance domestic manufacturing by easing access to necessary inputs. This initiative aligns with President Trump's vision of strengthening America's manufacturing sector.
NAM President and CEO Jay Timmons said, "President Trump’s administration is prioritizing policies that spur more investment and innovation in manufacturing in the U.S.—a goal that manufacturers share." He emphasized the need for predictable access to critical inputs, which are essential for manufacturers to invest and create jobs domestically.
Currently, even at full capacity, the U.S. manufacturing industry can only produce 84% of the required inputs, necessitating imports for the remaining 16%. Tariffs on these imported materials increase costs and hinder job growth. The proposed program seeks to alleviate these burdens by allowing duty-free importation of essential materials not produced domestically.
Timmons added, "The U.S. Manufacturing Investment Accelerator Program offers a way to bring in essential inputs that aren’t produced in the U.S. without added cost burdens—and it rewards manufacturers that expand production, invest in new equipment and create jobs here at home."
The program suggests using existing authorities to issue general licenses for importing raw materials and machinery duty-free. Eligible manufacturers would self-certify under defined criteria and undergo verification by U.S. Customs and Border Protection. The Treasury Department would oversee implementation.
Additionally, the proposal includes rebates for tariffs on must-import inputs when investing or expanding facilities in the U.S., covering new facilities, technological upgrades, hiring full-time employees, and R&D expenditures.
To ensure effectiveness, NAM recommends a Quarterly Manufacturing Dialogue between manufacturers and federal agencies like the Treasury Department and the Office of the U.S. Trade Representative.
A recent NAM survey indicated a drop in manufacturer optimism to 55.4%, with trade uncertainty being a major concern for 77% of respondents.
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