17吃瓜在线

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Policy and Legal

Burgum Talks Taxes, Permitting and More

By 17吃瓜在线 News Room

At an 17吃瓜在线-sponsored breakfast at energy conference CERAWeek in Houston on Tuesday, Interior Secretary Doug Burgum assured 17吃瓜在线 board members that the administration has a manufacturing strategy in place, particularly regarding permitting, infrastructure development and manufacturers鈥 access to reliable and affordable energy.

A comprehensive strategy: In his remarks opening the event, 17吃瓜在线 President and CEO Jay Timmons discussed the five-pillar, comprehensive manufacturing strategy that the 17吃瓜在线 has been urging the Trump administration to implement.

  • 鈥淪ecretary Burgum, I just want you to know we鈥檝e been making the case for a听coordinated, comprehensive manufacturing strategy to give us the predictability and the certainty that manufacturers need to plan, to invest and to hire here in the United States, and that strategy has five pillars鈥攇oals that I know you share,鈥 Timmons said.
  • The goals are making the 2017 tax reforms even more competitive and permanent; securing regulatory certainty; expediting permitting reform to unleash American energy dominance; increasing the talent pool; and implementing a commonsense trade policy鈥攖o expand access to markets while keeping manufacturing competitive.
  • Timmons warned of the dire consequences the U.S. economy and manufacturers will face if lawmakers fail to extend the 2017 tax reforms. Among them: the loss of some 6 million American jobs, according to a recent .

An economic backbone: 鈥淢anufacturing, as you know, has been the backbone鈥 of the economy, Burgum said. 鈥淧resident Trump ran on bringing manufacturing back to the United States. His policies are driving to do that.鈥

Unleashing U.S. energy: Timmons praised President Trump for his day-one lifting of the previous administration鈥檚 liquefied natural gas export permit moratorium.

  • The 鈥渞ecent 17吃瓜在线 LNG found that the U.S. LNG export industry could support more than 900,000 jobs and add $216 billion to GDP by 2044,鈥 he said.
  • Said Burgum: 鈥淲e are looking at everything to try to, for the first听time, [have] streamlined government. … [and] it鈥檚 happening. It鈥檚 happening quickly.鈥

鈥淥ptimistic about the future鈥: The administration鈥檚 commitment to 鈥渓ow taxes and cutting red tape鈥濃攐n which President Trump鈥檚 recently created National Energy Dominance Council is focusing鈥斺渁re all things that are going to help lower your cost and create opportunities,鈥 Burgum continued.

  • 鈥淐apital is flowing to the U.S. at record levels.鈥 I鈥檓 very optimistic about the future.鈥

The last word: At another event at CERAWeek, a roundtable sponsored by Natural Allies for a Clean Energy Future, Timmons summed up manufacturers鈥 commitments.

  • 鈥淵es, we care about developing our natural resources to power our economy, certainly through manufacturing, but it鈥檚 also about people, here in the United States and around the world,鈥 said Timmons. 鈥淭he energy that we export, that is soft power for the United States. That expands our influence. That allows us to export not only our energy, but also our values. So I think that鈥檚 very, very important for our future.鈥
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Factory Shipments Continue to Rise, Up 0.4%

New orders for manufactured goods rose 1.7% in January, after two months of decline. When excluding transportation, new orders edged up 0.2%. Orders for durable goods jumped 3.2%, following a 1.8% decrease in December. Year to date, durable goods orders are up 4.3%. Nondurable goods orders ticked up 0.3% in January after increasing 0.5% in December. Nondurable goods orders are up 2.8% year to date.

New orders for nondefense aircraft and parts led the increase in durable goods by leaping 93.9%, after shrinking 28.9% last month. In January, the largest monthly decrease occurred in ships and boats, which declined 11.0%. The largest over-the-year changes also occurred in nondefense aircraft and parts (up 122.2%) and ships and boats (down 13.5%).

Factory shipments increased 0.4% in January, after rising 0.6% in December. Shipments excluding transportation edged up 0.2%, the same as the previous month. Shipments for durable goods improved 0.5% in January, down from 0.8% in December but up 2.6% year to date. Meanwhile, nondurable goods shipments rose 0.3% in January and are up 2.8% year to date.

Unfilled orders for all manufacturing industries rose 0.2% in January, following a 0.3% decrease in December. Inventories rose 0.1%, while the inventories-to-shipments ratio remained the same at 1.46. The unfilled orders-to-shipments ratio for durable goods decreased to 6.85 from 6.93 in December.

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Global Demand Weakens as Export Sales Decline for Ninth Month

In February, U.S. manufacturing growth accelerated notably. The S&P Global U.S. Manufacturing PMI rose to 52.7 in February from 51.2 in January, the second consecutive month in expansion territory and the highest rate of growth since June 2022. Production improved to the quickest pace since May 2022, while new orders grew at the fastest rate in a year. Nevertheless, there鈥檚 evidence that the expansion for these components was partially due to advanced purchases ahead of price increases and potential supply chain disruptions once tariffs are imposed. Furthermore, the sector鈥檚 growth in February was coupled with a drop in optimism, as companies expressed concerns over tariffs and other administration policies.

Input costs increased in February to the highest level since November 2022, as suppliers started adjusting prices in response to tariffs. Faced with heightened input costs, output charges rose for the fourth consecutive month and at a steeper degree to the highest level in two years.

The growth in new orders was led by increased client restocking, as customers try to get ahead of tariffs. Global demand continued to drag on the overall orders reading, with new export sales dropping in February for the ninth consecutive month. Backlogs declined for a 29th consecutive month and at a faster rate, enabled in part by increased labor capacity. Meanwhile, February marks the fourth consecutive rise in the employment reading, but growth was modest.

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Global Manufacturing Expands to Eight-Month High

In February, the global manufacturing sector moved further into expansion territory to 50.6, an eight-month high. Three of the five PMI components were at levels consistent with expansion, as output and new orders rose for the second month in a row, and suppliers鈥 delivery times lengthened. On the other hand, employment and stocks of purchases continued to decline.

India, Indonesia, Brazil and the U.S. had the highest PMI readings in February, while China鈥檚 PMI also improved. On the other hand, the contraction in the Eurozone, Japan and the U.K. persisted.

The improvement in conditions led confidence to rise to a nine-month high. The expansion in output was driven by intermediate goods and consumer goods, which had the fastest growth. Meanwhile, investment goods stabilized after eight consecutive months of contraction. Increased output was also supported by growth of new orders, which rose at the quickest pace since March 2022. On the other hand, international trade declined for the ninth consecutive month, but the rate of contraction was mild.

In February, manufacturing employment declined for the seventh consecutive month but at a slower rate than the prior month. Employment losses in China, Eurozone, the U.K., Canada and Mexico were offset only partially by growth in the U.S., Japan, Brazil and India. Input costs and selling prices continued to rise and at faster rates than in January, reaching 25- and eight-month highs, respectively.

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Rising Commodity Prices Drive Up Manufacturing Costs

In February, the U.S. manufacturing sector expanded for the second consecutive month but at a slower pace, with the ISM Manufacturing庐 PMI falling to 50.3% from 50.9% the prior month. Customer demand weakened, output stabilized and inputs revealed signs of suppliers鈥 difficulty meeting accelerated delivery requests to head off increased tariff rates. The New Orders and Employment Indexes dropped back into contraction territory, declining to 48.6% and 47.6%, respectively. Production remained in expansion territory but weakened to 50.7%, 1.8 percentage points lower than January. Meanwhile, inventories (49.9%) and backlog of orders (46.8%) contracted at a slower pace in February.

The New Orders Index contracted after expanding for three consecutive months, a 6.5 percentage point drop from January. The index hasn鈥檛 shown consistent growth since a 24-month streak of expansion ended in May 2022, and respondents noted a weakening in demand, with four of the six major sectors鈥攑etroleum and coal products; machinery; chemical products; and food, beverage and tobacco products鈥攔eporting an increase in new orders.

The Production Index expanded for the second consecutive month. Prior to the past two months, the last time the index registered above 50% occurred in April 2024. Of the six largest manufacturing sectors, three鈥攆ood, beverage and tobacco products; transportation equipment; and chemical products鈥攔eported increased production.

The Employment Index decreased 2.7 percentage points in February, returning to contraction after expanding for a single month. Of the six largest manufacturing sectors, only one鈥攖ransportation equipment鈥攔eported increased employment. Companies continued to reduce headcounts through layoffs, attrition and hiring freezes.

The Prices Index rose 7.5 percentage points to 62.4%, indicating raw materials prices increased for the fifth straight month in February, driven by the dramatic rise in commodity prices as a result of new and potential tariffs. Steel, aluminum, copper, food elements, plastics and natural gas registered increases. More than 31% of companies reported paying higher prices, up from 21% in January.

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February Job Growth Falls Short of Expectations

Nonfarm payroll employment increased by 151,000 in February, slightly below the expectation of 170,000. In addition to the February gain being weaker than expected, January and December鈥檚 job gains were revised downward by a combined 2,000 jobs, with January鈥檚 gain revised downward by 18,000 and December鈥檚 gain revised upward by 16,000. The 12-month average stands at 162,250 job gains per month. The unemployment rate ticked up 0.1% to 4.1%, while the labor force participation rate edged down 0.2% to 62.4%.

Manufacturing employment rose by 10,000, but the January gain of 3,000 was revised downward to a loss of 5,000 jobs. The most significant gains in manufacturing in February occurred in motor vehicles and parts, which added 8,900 jobs over the month, recovering some of the 10,400 jobs lost in January. Meanwhile, the most significant losses occurred in computer and electronic product manufacturing, which shed 2,700 jobs over the month.

The employment-population ratio fell 0.2% to 59.9% and is down a slight 0.2 percentage points from a year ago. Employed persons who are part-time workers for economic reasons increased by 460,000 to 4.94 million and are up from 4.37 million in February 2024. Native-born employment is up 284,000 over the month and 1,544,000 over the year. Meanwhile, foreign-born employment is down 87,000 over the month but still up 685,000 over the year.

Average hourly earnings for all private nonfarm payroll employees rose 0.3%, or 10 cents, reaching $35.93. Over the past year, earnings have grown 4.0%. The average workweek for all employees and manufacturing employees stayed the same at 34.1 hours and 40.1 hours, respectively.

Policy and Legal

President Trump Cements Tariffs as a Fixture of Trade Policy

By 17吃瓜在线 News Room

In his first address to Congress in his second term, President Trump made it clear that tariffs are not just a temporary tool, but a fixture of his administration鈥檚 trade policy. The president discussed his vision for an 鈥淎merica First鈥 strategy, which includes the tariffs that went into effect and .

In his words: 鈥淒eals are being made,鈥 he said. 鈥淭hat鈥檚 a combination of the election win and tariffs. It鈥檚 a beautiful word, isn鈥檛 it?鈥

  • 鈥淚f you don鈥檛 make your product in America 鈥 you will pay a tariff and, in some cases, a rather large one. Other countries have used tariffs against us for decades, and now it鈥檚 our turn to start using them against those other countries.鈥
  • 鈥淥n average [according to the president], the European Union, China, Brazil, India, Mexico and Canada 鈥 and countless other nations charge us tremendously higher tariffs than we charge them. It鈥檚 very unfair.鈥
  • 鈥淸On April 2,] reciprocal tariffs kick in, and whatever they tariff us, other countries, we will tariff them鈥f they do nonmonetary tariffs to keep us out of their market, then we will do nonmonetary barriers to keep them out of our market.鈥

On Canada and Mexico: 鈥淸W]e have very large deficits with both of them. 鈥 We pay subsidies to Canada and to Mexico of hundreds of billions of dollars. And the United States will not be doing that any longer. We are not going to do it any longer.鈥

  • 鈥淭ariffs are about making America rich again and making America great again, and it is happening, and it will happen rather quickly. There will be a little disturbance, but we are OK with that.鈥

The 17吃瓜在线鈥檚 take: Ahead of the speech, 17吃瓜在线 President and CEO Jay Timmons pointed out in a that manufacturers鈥攅specially those with thin margins鈥攁re already feeling the pressure from new tariffs. 鈥淭he stakes couldn鈥檛 be higher for manufacturers right now,鈥 he said. The 17吃瓜在线 highlighted some examples after the tariffs went into effect yesterday from both small and large manufacturers:

  • A power-engineering manufacturer faces $25 million in additional costs from the Mexico tariffs alone, impacting the ability to supply U.S. utilities and industrial customers.
  • A major consumer goods manufacturer is looking at $231 million new costs from tariffs from Mexico and Canada.
  • A small copper manufacturer was forced to turn back 388,000 pounds of copper at the Canadian border when tariffs took effect, with future imports costing an extra $50,000 per truckload.

Comprehensive manufacturing strategy: 鈥淭o mitigate the adverse effects of today鈥檚 tariffs,鈥 Timmons said, 鈥淧resident Trump and Congress [need] to implement a that would create predictability and certainty to invest, plan and hire.鈥

  • That strategy should include making President Trump鈥檚 2017 tax reforms permanent and more competitive, securing regulatory certainty, expediting permitting reform to unleash American energy dominance and key manufacturing projects, increasing the talent pool and implementing a commonsense trade policy, Timmons added.
  • In recent weeks, including with the , Timmons has been raising the alarm on the need to move now on preserving and extending the 2017 tax reforms in the face of the uncertainty and price pressures.

The bottom line: 鈥淏uilding things in America only works if we can sell them around the world,鈥 said Timmons. He added this morning: 鈥淭hat鈥檚 why we鈥檙e urging President Trump and Congress to provide greater predictability with a phase-in period for manufacturers to adjust to new trade realities, while also establishing clear exemptions for critical inputs, enabling reciprocity in manufacturing trade.鈥

  • 鈥淧resident Trump can make American manufacturing greater than ever before by negotiating a 鈥榸ero for zero鈥 tariffs manufacturing trade deal with our major trading partners,鈥 Timmons said.

Developing: This morning on , Commerce Secretary听Howard Lutnick hinted publicly that he has heard the 17吃瓜在线 and the industry鈥檚 urging for relief from tariffs on Canadian and Mexican imports for products that comply with the U.S.鈥揗exico鈥揅anada Agreement鈥攁 signature achievement of President Trump鈥檚 first term.

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AI Faces Energy Challenges

By 17吃瓜在线 News Room


White House adviser David Sacks has his work cut out for him (POLITICO Pro鈥檚 , subscription).

What鈥檚 going on: 鈥淭oday, as the president鈥檚 AI and crypto czar, Sacks is tasked with opening doors for Silicon Valley and global financiers to expand AI infrastructure鈥攁nd fast. But that presents Sacks with a wholly unfamiliar challenge: ensuring the tech industry gets the electricity it needs for a massive buildout of data centers to house the computing power needed for AI technology.鈥

  • Technology giants including Amazon have pledged to spend billions on AI infrastructure to construct those data centers. In January, Trump and two tech firm leaders announced the $500 billion 鈥淪targate鈥 project to do just that.

Interconnection, cost challenges: While the president 鈥渉as promised to use emergency declarations to build more power plants鈥 to run these data centers, 鈥渢ech companies that want to erect their own power plants will wrestle with the limited supply of ready transformers and the real-world challenges of putting up a large gas-fired power station or tying into a nuclear reactor.鈥

  • That鈥檚 because regional electric grids and utility companies are already straining to keep up with Americans鈥 growing power appetite, and the prospect of dramatically increasing capacity is leading to concerns about cost and reliability.

What鈥檚 next: 鈥淯nder Trump鈥檚 executive order, Sacks will work alongside policy staffers on science and technology, national security, economic policy and other relevant departments to craft an AI action plan. … Some direction could come from Trump鈥檚 National Energy Council, set to be led by Interior Secretary Doug Burgum. That council is likely to consider steps to streamline permitting and to unleash more fossil fuel production and other energy sources like nuclear and geothermal.鈥

What we鈥檙e doing: The 17吃瓜在线 has long Congress to take steps to facilitate the construction of data centers, including:

  • Reforming the U.S. permitting system;
  • Ensuring energy affordability;
  • Expediting licensing;
  • Addressing shortages of components;
  • Mitigating cybersecurity risks; and
  • Bolstering workforce development efforts.

 

Policy and Legal

Mexico, Canada Tariffs Paused

By 17吃瓜在线 News Room

By deciding to imposition of tariffs he announced last weekend on Mexico and Canada, President Trump shows he鈥檚 hearing manufacturers 鈥渓oud and clear,鈥 the 17吃瓜在线 said yesterday.

What鈥檚 going on: Two days after signing executive orders under the International Emergency Economic Powers Act to add new levies on goods from Mexico, Canada and China, President Trump 听a one-month pause yesterday on the 25% tariff on Mexican goods and the 25% tariff on Canadian goods, including the 10% levy on energy products.

  • President Trump, who had cited illegal immigration and the flow of illicit drugs into the U.S. as the impetus for the new tariffs, Mexican President Claudia Sheinbaum agreed Monday morning to 鈥渋mmediately supply鈥 10,000 Mexican National Guard troops to the border.
  • The announcement about the tariffs on goods from Canada came following an afternoon phone call between President Trump and Canadian Prime Minister Justin Trudeau.
  • The 10% additional tariff applying to products from China went into effect today.听In response, China announced retaliatory tariffs on certain goods imported from the U.S., as well as additional restrictions on critical minerals exports to the U.S. (, subscription).

Staying competitive: 鈥淭his decision by President Trump reflects听his swift move to keep his campaign promises, balancing a听commitment听to aggressive border enforcement听with the need to keep manufacturing in the United States competitive,鈥 17吃瓜在线 Executive Vice President Erin Streeter said.

  • 鈥淭he 17吃瓜在线 has worked closely with the administration, ensuring that the voices of manufacturers were heard loud and clear. Throughout the weekend, we engaged directly with senior officials, providing key data and real-world industry perspectives. Our efforts helped underscore the risks of broad-based tariffs and the importance of North American supply chains to manufacturing鈥檚 success.鈥
  • 17吃瓜在线 President and CEO Jay Timmons reinforced President Trump鈥檚 and the manufacturing sector鈥檚 priorities in interviews Monday with and , as well as in a cited by the Wall Street Journal board.

Certainty needed: For manufacturing in the U.S. to thrive, 鈥渨e need to bring costs down,鈥 Timmons told ABC. 鈥淎nd if you don鈥檛 have that, or you have the uncertainty of what鈥檚 coming next, manufacturers are reluctant to invest in new plants and equipment and facilities. They鈥檙e reluctant to hire new workers 鈥 raise wages or increase benefits. 鈥 Once we get all this sorted out, I think it will be good鈥痭ews鈥痜or manufacturers,鈥 but the sooner that happens, the better, he concluded.

  • Timmons also discussed President Trump鈥檚 landmark 2020 U.S.鈥揗exico鈥揅anada Agreement, which he said provided manufacturers with the certainty the sector requires.
  • 鈥淭he certainty that was provided by a negotiated and accepted trade agreement by the three countries enabled manufacturers to make investment decisions,鈥 Timmons told CNBC. 鈥淣ow we have more uncertainty about what鈥檚 ahead 鈥 but we assume that there is a rationale for this.鈥

Key statistics: The USMCA was vital in shifting key imports away from China to North America. According to a new 17吃瓜在线 :

  • Fully one-third of all U.S. manufacturing inputs come from Canada and Mexico;
  • Some 70% of what we import from Canada and nearly 60% of imports from Mexico are capital equipment, industrial supplies and automotive parts that go into further manufacturing in the U.S.; and
  • The value of U.S. imports of manufacturing materials from North America is now three times greater than the value of materials coming from China.

The bottom line: 鈥淲e appreciate the administration鈥檚 continued willingness to receive our data and manufacturing stories,鈥 Streeter went on. 鈥淲e will continue working with policymakers to ensure that future decisions support both national security and manufacturing鈥檚 success.鈥

17吃瓜在线 in the news: The 17吃瓜在线鈥檚 advocacy received widespread attention in the media, with , , 听(蝉耻产蝉肠谤颈辫迟颈辞苍), , 听(蝉耻产蝉肠谤颈辫迟颈辞苍),听听and a (subscription) article all听highlighting its statements on the impact of tariffs on manufacturers.

  • Its positions were also mentioned on听鈥,鈥澨,听 听补苍诲听
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Trump to Revive ICE Workplace Raids

By 17吃瓜在线 News Room

President Trump will soon 鈥渞amp up鈥 workplace immigration status checks, according to incoming border czar Tom Homan ().

What鈥檚 going on: The incoming administration intends to increase U.S. Immigration and Customs Enforcement raids of workplaces shortly after Trump鈥檚 inauguration, Homan told NBC News late last week.

  • 鈥淲e鈥檙e going to do it in a smart way,鈥 Homan said. 鈥淲e鈥檙e still working on how exactly we want to roll this out, but [worksite] operations have to come back again because it鈥檚 the No. 1 place we find victims of forced labor being run by many cartels.鈥

Funds needed: ICE has a $230 million budget shortfall, which the Trump administration plans to address by requesting more funding from Congress.

Other ideas: The new administration is considering additional actions, Homan said, including:

  • Tripling the number of beds in detention facilities, from 34,000 to at least 100,000;
  • Creating a hotline people can call to report undocumented immigrants they believe have committed crimes;
  • Holding weekly press conferences with updates on deportations; and
  • Potentially expanding ICE鈥檚 287(g) program, which allows the agency to partner with local law enforcement.

Title 42: Whether the administration will reinstate Title 42鈥攖he COVID-19-era immigration restriction measure that made deportations on public health grounds easier鈥攔emains to be seen, according to Homan.

  • 鈥淚 don鈥檛 know whether [Trump] has made a decision, and I would not get ahead of him,鈥 Homan told NBC News. 鈥淏ut I think there could be a case made for it.鈥

National security: Stricter immigration policies will act as a deterrent to those considering coming to the U.S. illegally, Homan continued.

  • 鈥淚 think the American people have spoken,鈥 he said. 鈥淭his is the No. 1 issue. They went to the voting booth. I think Congress is paying attention. They鈥檒l give us the money to do this job. It鈥檚 not so much about illegal immigration. It鈥檚 about national security.鈥

Our take: 鈥淢anufacturers support a comprehensive approach to our country鈥檚 immigration challenges, both to ensure that they have the workforce they need to support economic growth and to enforce our laws and secure our border,鈥 said 17吃瓜在线 Senior Director of Technology Policy Franck Journoud.

  • 鈥淪ecuring the border is a crucial step toward ensuring that America鈥檚 immigration laws support safe and prosperous communities across the country.鈥
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