Tag Archive for 'AEM'

AEM Hails North American Leaders on Signing USMCA, Urges Implementation

Association of Equipment Manufacturers (AEM) issued the following statement today on the recent signing of the United States Mexico Canada Agreement (USMCA) by U.S., Mexican, and Canadian leaders:

Dennis Slater, AEM President

“Equipment manufacturers applaud the recent signing of the USMCA and are advocating for its quick implementation,” said Dennis Slater, president of AEM. “Ratifying the USMCA will ensure North America’s manufacturing competitiveness and supports our industry’s nearly 1.5 million men and women working across the U.S. and Canada.”
Nearly 30 percent of all equipment produced in the U.S. is intended for export. Since the creation of NAFTA two decades ago, the equipment manufacturing industry has benefited greatly from duty-free access to our industry’s largest two export markets, Canada and Mexico. AEM recently issued a statement of support for the new USMCA, calling a “step in the right direction.” AEM will be engaging the incoming 116th Congress in the New Year on the importance of the USMCA to U.S. manufacturing.
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 1.3 million jobs in the U.S., and 149,000 more in Canada. Equipment manufacturers also contribute $188 billion combined to the U.S. and Canadian economies.

EQUIPMENT MANUFACTURERS ENCOURAGED BY US-CHINA COMPROMISE ON TARIFFS

Dennis Slater, AEM President

Association of Equipment Manufacturers (AEM) President Dennis Slater issued the following statement today on the recently announced truce between the United States and China on tariffs:

“We hope this builds momentum towards further reasonable agreements to reduce these taxes on Americans and better promote free trade,” said Dennis Slater, president of AEM. “However, the decision also risks extending rather than ending the ongoing uncertainty supplied by the tariffs, creating an unpredictable business environment threatening many of our industry’s 1.3 million jobs.”
Equipment manufacturing company executives have regularly spoken out in response to the Trump administration’s trade policies throughout 2018. Currently, with tariffs on $250 billion on Chinese goods now in place, the Trump Administration has imposed tariffs on about half of the total amount of goods imported into the U.S. from China last year. However, the agreement between President Trump and China president Xi Jinping does not remove these tariffs but just delays a possible decision to extend and increase tariffs on additional goods imported into the U.S.
The ongoing trade war has hurt the profits of many equipment manufacturers, threatening many of the 1.3 million good-paying jobs the industry supports. The tariffs have also had a negative impact on U.S. farmers and ranchers, at a time when many are struggling due to a multi-year slump in income.
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 1.3 million jobs and contributes roughly $159 billion to the economy every year.

In Construction? Visit the online store of the Historical Construction Equipment Association for gift ideas!

Know someone who enjoys construction and mining machinery

Visit the online store of the Historical Construction Equipment Association for gift ideas!

We carry a wide variety of books, DVDs, apparel, collectibles and more celebrating the rich history of these machines. Many of these items are unique to our store, and they all make wonderful gifts for people who are interested in the machinery that built so much of what we enjoy today.

Among our unique items is our 2019 wall calendar, with each month featuring a beautiful 8×10 black and white photograph of equipment from the early and mid 20th Century at work. it’s only $10, and ships postage paid within the USA. (Out of country customers, please reply to this e-mail with the quantity you would like to order and where you want them sent, and we will advise of the postage cost.)

We can also recommend a gift membership in our Association. It’s only $35 for one year, $65.95 for two or $99.95 for three in the USA and Canada, $55.00 US elsewhere, and members receive our quarterly magazine Equipment Echoes.

All of this is available by following the links, and you can order online or by calling us between 9:00 and 5:30 Eastern weekdays. All major credit cards accepted.

All profits from our sales go towards funding our mission to preserve for public education the history of the construction, surface mining, and dredging equipment industries.

Thanks in advance for shopping with us and supporting our work, and our very best wishes for the holiday season and the New Year.

Hydraulic Breakers 101 — Selecting The Perfect Breaker

EQUIPMENT MANUFACTURERS WANT REPUBLICANS AND DEMOCRATS TO WORK TOGETHER

Association of Equipment Manufacturers (AEM) President Dennis Slater issued the following statement on what the 2018 midterm elections mean for the equipment manufacturing industry.

Dennis Slater, AEM President

“After a midterm election that saw record turnout and interest, there’s now a renewed opportunity for President Trump and Congress to work across party lines to tackle the issues that will help grow our economy and keep our nation strong,” said Dennis Slater, president of the Association of Equipment Manufacturers (AEM). “Modernizing our nation’s infrastructure, promoting free and fair trade, and supporting a strong agriculture economy should all be bipartisan priorities for the 116th Congress. The equipment manufacturing industry stands ready to do its part by working with Congress and the administration to solve some of our nation’s biggest policy challenges so that we can add to the 1.3 million good-paying jobs our industry supports.”

Many of the top issues for voters in the midterm elections are issues that are also important to the equipment manufacturing industry.
TRADE: The escalating trade dispute with China and the decision to impose tariffs on imported steel and aluminum has had a negative impact on the equipment manufacturing industry. U.S. equipment manufacturers are facing higher production costs while the impact of retaliatory tariffs by trading partners hurt the U.S. agriculture sector and threaten to reduce the domestic sales of agriculture equipment. AEM believes that Republicans and Democrats should work together to address the uncertainty and disruption caused by the administration’s trade policies. This includes efforts to negotiate fair, binding, and enforceable trade agreements with countries and open up new markets for U.S. equipment manufacturers.
INFRASTRUCTURE: The lack of any meaningful action on a comprehensive infrastructure bill means that expectations for Congress and the administration to act next year will be even higher. Voters have repeatedly made it clear that they want Washington to keep its promise to rebuild and invest in roads, highways, bridges, ports, pipelines, and broadband networks. Equipment manufacturers will send a strong message to both Democrat and Republican members of the 116th Congress that they should start with infrastructure. That means working together in a bipartisan fashion to identify a long-term and sustainable funding mechanism for the Highway Trust Fund, connect urban and rural America through new infrastructure, ensure that projects are delivered in a cost-effective and time-efficient manner, and provide job training programs for the workforce that will help us reclaim our infrastructure advantage.
AGRICULTURE: A strong agriculture economy creates a strong manufacturing sector. Farm policies have a major impact on the health of the farm economy, which in turn is a key driver of the equipment manufacturing employment. Congress can and must pass the farm bill so that farmers and ranchers can keep providing our nation’s food security. Republicans and Democrats should also work together to craft a comprehensive energy policy for our nation, including supporting a strong Renewable Fuel Standard (RFS) and work to advance the effort to expand ethanol fueling infrastructure and work to open up more new markets around the globe for U.S. farmers and ranchers.
TAX: Tax reform empowered the equipment manufacturing industry to create jobs, improve the quality of life and build more in America. Many equipment manufacturers have hired more workers, created more well-paying jobs, invested more in America, and raised wages, and the industry has been given license to compete more fiercely in the global economy. Democrats and Republicans should work together to fix errors in the new tax law, which could create an opportunity to pass new, bipartisan tax legislation. Specifically, Congress should work in a bipartisan fashion to make the new tax code even stronger for equipment manufacturers, including making permanent full expensing for short-life investments and the deduction for qualified business income, as well as making the Base Erosion and Anti-Abuse Tax (BEAT) a true alternative minimum tax.
Every year, AEM’s grassroots campaign I Make America works to engage and motivate many of the equipment manufacturers’ 1.3 million men and women to get involved in the political process. This year’s activities included dozens of events at equipment manufacturing facilities, including the I Make America Town Hall Tour. To get our industry’s men and women more engaged this election year, the Town Hall Tour brought policy and industry experts to shop floors across the country for engaging and in-depth discussions on key policy issues – including trade, infrastructure, and agriculture – and was attended by more than 500 workers and watched by thousands more online. According to post-event polls, two-thirds of attendees felt they had a better understanding of the issues impacting the industry after participating in the Town Hall Tour.
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 1.3 million jobs and contributes roughly $159 billion to the economy every year.