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TMTA Backs H.R. 2378
H.R. 2378, if it becomes law, will amend title VII of the Tariff Act of 1930 to clarify that fundamental exchange-rate misalignment by any foreign nation is actionable under U.S. countervailing and antidumping duty laws.
TMTA has been active in efforts to add co-sponsors to the existing members of the House of Representative listed on H.R. 2378.
Support Fixing America's Economy (Part 2)
Last year 300 associations, companies and concerned citizens signed the Fixing America's Economy document. It is more important than ever for political leaders and candidates to take action.
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A Message from Robert Dumont, TMTA President
The TMTA together with a host of other Associations and Coalitions is actively working on Currency Reform that addresses the ongoing problem of currency manipulation (the 'gentile' term is "currency misalignment") practiced by a number of Asian countries most notably China.
The Currency Reform and Fair Trade Act was introduced in the House of Representatives (HR 2378) and Senate (S 1027) on Wednesday May 13, 2009. FULL LETTER
Employee Free Choice Act (EFCA)
The Board of Directors of the TMTA has determined that it is in the best interest of the membership that the EFCA (clearly a misnomer) be opposed and defeated in Congress.
Recently introduced in March of this year the TMTA will be including opposition to this legislation in all of its advocacy efforts at the Federal level commencing immediately. FULL ARTICLE
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NEW PO BOX FOR TMTA
TMTA has a new PO Box:
TMTA
PO Box 2204
Farmington Hills, MI
48333-2204
__________________________
TMTA encourages you to patronize the companies on our page who manufacture items in the USA. Click on the flag below.
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Action from Congress and Commerce Decisive on China Currency, Not Statements from Treasury or Complaints Filed by USTR
Americans desperately need more jobs. With one American worker in six either unemployed or underemployed, it is long past time for the two actors who have the most power to intervene to do so and combat China's currency manipulation that has sent so many U.S. jobs to foreign soil. Full article |
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Free Trade Doesn't Work
What Should Replace It
and Why
by: Ian Fletcher
If you already know free trade is a mistake, but don't know how to prove it or what to do about it, this book is for you. If you still think free trade is good for America (or the rest of world), you're in for a big surprise...
This is a book is a systematic examination of why free trade is slowly bleeding America's economy to death and what can be done about it. It explains in detail why the standard economic arguments free traders use all the time are false, and what kind of economic ideas justify protectionism instead.
It looks at the breakdown of specific industries and how we can rebuild them and bring millions of high-paying jobs back to this country. It examines what's wrong with NAFTA, CAFTA, the WTO, and the proposed Trans-Pacific Partnership. It explains why free trade is bad not just for America, but for poor foreign nations, too.
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From the New York Times:
China Fortifies State Businesses to Fuel Growth
During its decades of rapid growth, China thrived by allowing once-suppressed private entrepreneurs to prosper, often at the expense of the old, inefficient state sector of the economy. Full article
Trade Reform Comments:
China’s government owns their economy
A very good article by Michael Wines in the NY Times should put to rest the notion that China is a growing capitalist society. Full article
From MfrTech:
Sell More: 4 Key Steps Solve Manufacturer & Distributor Conflicts
The Relationship Between Manufacturers and Distributors is Important, Valuable and Fraught with Challenges Full article
From IndustryWeek:
Turning the Tables on Product Counterfeiters with Encryption Technology
The best defense for U.S. manufacturers today: encrypted digital certificates and signatures.Offshore production is a fact of life in manufacturing today. However, with offshore incentives comes an increasing degree of risk to the security of intellectual property -- the illegal production of counterfeit, off-brand, or gray market products by unscrupulous manufacturers. Full article
From IndustryWeek:
The Competitive Edge -- Taxes Take Center Stage
An analysis of two proposed tax plans shows only one will stimulate the economy and provide important benefits to manufacturers. Full article
From the Huffington Post:
U.S.-China Trade: How Long Will the U.S. Be China's Doormat? Full article
From the New York Times:
Inside the Knockoff-Tennis-Shoe Factory
A shopkeeper in Italy placed an order with a Chinese sneaker factory in Putian for 3,000 pairs of white Nike Tiempo indoor soccer shoes. Neither he nor Lin, the factory manager, were authorized to make Nikes. Full article
From IndustryWeek:
Auto Production Pushes U.S. Manufacturing Output Up 1.1%
Industrial production rose .1% Full article
Report Shows Advanced Manufacturing Thriving in Michigan
Accounts for two-thirds of the state's industrial workforce, offering better pay and greater security. Full article
U.S. Jobless Claims Jump to 500,000; Nine-month High
It was the third straight week in which claims have risen. Full article
From Trade Reform:
Letter to the Editor: Congress fiddles as imports burn jobs
One can hardly fail to be struck by the irony and juxtaposition of an AMM story on the North American steel industry's support for President Obama’s National Export Initiative (NEI) and the second-quarter gross domestic product (GDP) report. Full article
From Peter Morici:
China Syndrome: U.S. Deflation and China's Asset Bubble
Unemployment is stuck near 10 percent and deflation and a stock market collapse threaten.
The Federal Reserve and Barack Obama are out of bullets. Near zero federal funds rates, central bank purchases of mortgage backed bonds and other securities, and a $1.6 trillion deficit have failed to revive the economy. This is no mystery. Full article
From Mfr Tech News:
Lawrence Tech Offers Companies Low-Risk Approach to Product Development;
Industry-Sponsored Projects Lab Assigns A Team Of Students To Do Research That Can Positively Impact A Company's Bottom Line
Companies can take advantage of the engineering expertise of college students to help develop, investigate or test new products through the Industry-Sponsored Projects Lab that starts this fall at Lawrence Technological University. Full article
From IndustryWeek:
Ford, TechShop Build Center to Spur DIY Creativity
Workshop will provide users with high-level equipment for sparking auto innovation. TechShop, a chain of do-it-yourself specialty shops, is launching one of its open-access facilities in Detroit this winter, providing creative minds with machinery they might otherwise not have access to, such as mills, lathes, CNC plasma cutters and three-dimensional printers. Full article
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