GRCA Commerce Quarterly Summer 2019 - 41

GreaterReading.org

GRCA joins National and Pennsylvania Manufacturers Associations to hear from Vice President Mike Pence and Secretary
of Labor Alexander Acosta advocating for USMCA Trade Agreement at JLS Automation in York.

new tariffs on imports from Mexico unless the country took steps
to stop the flow of Central American migrants to the U.S. border.
Many manufacturers are small or mid-sized businesses. While tariffs
are an issue for companies of all sizes, smaller businesses don't have
the revenue stream to help them absorb costs that large corporations
have; the tariffs are levied on the company that does the importing.
And though some smaller companies have switched manufacturing
out of China or Mexico to avoid tariffs that are as high as 25% on
many products, that is an expensive and complicated process.
The NAM survey is in line with the monthly report from the
Institute for Supply Management compiled from a survey of its
manufacturing members. The trade group reported that multiple
companies said tariffs on imports from China were a concern.
Manufacturers are affected by tariffs on components as well as
finished products. In many industries, there are components and
products that must be imported because they're not manufactured
in the U.S. and some are made only in China.
"Optimism is still strong among manufacturers, but you can't
overlook the fact that trade uncertainties are causing concern," said
Mark Schlott, chief operating officer of Reading candy maker R.M.
Palmer. "We are concerned that other countries and industries may
retaliate with tariffs."

Imposing tariffs on imported goods has impacted our Greater
Reading/Berks County Regional Businesses and will hit our American
consumers and businesses - including manufacturers, farmers,
and technology companies - with higher costs on commonly used
products and materials.
Simply put, tariffs are a tax on American consumers and
businesses. Tariffs are the wrong approach to address unfair
trade practices. Further, it is also imperative that Congress pass
the U.S.-Mexico-Canada Agreement (USMCA) to ensure U.S.
manufacturers, farmers, and service providers can continue to
access the Canadian and Mexico markets. Passage of USMCA is
vital to the business community to update our trade agreements
for North America to replace the outdated North America Free
Trade Agreement (NAFTA). GRCA remains dedicated to making
the agreement's passage a priority.
Stay connected on trade vs tariff issues and other priority
policy & issues at GRCA's Action Center at: greaterreadingchambergrassroots.mmp2.org.

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GRCA Commerce Quarterly Summer 2019

Table of Contents for the Digital Edition of GRCA Commerce Quarterly Summer 2019

GRCA Commerce Quarterly Summer 2019 - 1
GRCA Commerce Quarterly Summer 2019 - 2
GRCA Commerce Quarterly Summer 2019 - 3
GRCA Commerce Quarterly Summer 2019 - 4
GRCA Commerce Quarterly Summer 2019 - 5
GRCA Commerce Quarterly Summer 2019 - 6
GRCA Commerce Quarterly Summer 2019 - 7
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GRCA Commerce Quarterly Summer 2019 - 37
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GRCA Commerce Quarterly Summer 2019 - 39
GRCA Commerce Quarterly Summer 2019 - 40
GRCA Commerce Quarterly Summer 2019 - 41
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GRCA Commerce Quarterly Summer 2019 - 48
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Winter2021
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Fall2020
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Summer2020
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Spring2020
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Winter2020
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Fall2019
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Summer2019
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Spring2019
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Winter2019
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Fall2018
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Summer2018
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Spring2018
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GRCA_CommerceQuarterly_Winter2018
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GreaterReadingChamber_CommerceQuarterly_Fall2017
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GreaterReadingChamber_CommerceQuarterly_Summer2017
https://www.nxtbook.com/hoffmann/GreaterReadingChamber_CommerceQuarterly/GreaterReadingChamber_CommerceQuarterly_Spring2017
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