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  • Home
  • Who We Are
    • Mission
    • Leadership
    • Board of Directors
    • Advisory Council
  • What We Do
    • Legislative & Regulatory
    • Economic Improvement
    • RIMA’s Accomplishments
    • RIMA Position on Critical Issues 2020
  • RIMA Events
    • Past Events
  • Webinars
    /Other
  • Sponsors & Partners
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    • Why Join RIMA?
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    • Membership Badge
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    • Newsletter
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    • Manufacturer Award Winners
    • Annual Award Honoree
      • 2020
      • 2019
      • 2018
  • Resources
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    • GD&T Quotes
    • Advance Manufacturing Trade School Videos
    • Schools
    • Substance Use and Mental Health Leadership Council
    • RI Manufacturing Facts
    • Concerns/Answers
      • File a Comment on Federal Regulation Impacting your Business
      • Small Business Administration

Monthly Archives : May 2019

Capitol Hill Washington DC/ Sheldon Update on China Tariffs

by Maggie Lagueon 22 May 2019in Newsletter Articles

Senator Whitehouse, as a member of the U.S. Senate Finance Committee, has engaged on this issue by joining several other Senators in sending a letter to US Trade Representative (USTR) Robert Lighthizer. The December letter urged the establishment of an exclusion process for U.S. companies affected by the Section 301 tariffs against China—in other words, creating a mechanism for companies affected by the new 25% tariffs against $200 billion in imports to seek a waiver from those tariffs, so as to relieve some of the negative economic effect on American companies.

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News From Smith Hill

by Maggie Lagueon 20 May 2019in Newsletter Articles

Tax issues advocate Grafton “Cap” Willey, IV presented testimony on 5.1.19 before the House Finance committee on H-5576, legislation which would restore an important tax deduction that was changed through the 2017 Federal Tax Reform bill. The change put a cap on an entity’s utilization of the State and Local Taxes (SALT) deduction at $10,000, a cap that has hurt many small businesses in a high tax state such as RI.

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Industry Week News

by Maggie Lagueon 20 May 2019in Newsletter Articles

The decision by the United States Friday to remove steel and aluminum tariffs on Canada and Mexico drew quick praise from several industry associations and business groups. The U.S. administration’s actions remove a 25% tariff on steel and 10% tariff on aluminum that had been placed on Mexico and Canada about a year ago under Section 232. Canada announced it would eliminate retaliatory duties.

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National Association of Manufacturers

by Maggie Lagueon 20 May 2019in Newsletter Articles

United States factory production fell in April for a third time in four months with a broad decline led by weakness in machinery and motor vehicles, adding to signs of manufacturing sector weakness. The report shows manufacturing losing momentum amid a trade war with China that’s raised prices and complicated business decisions.

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Recent Posts

  • Manufacturing Labor Productivity Rose 3.0%
  • Factory Orders Rose 1.1% in December
  • ISM® Manufacturing Purchasing Managers’ Index® slowed in January
  • US Economy Adds 49,000 Workers
  • Manufacturing Employment Falls in January

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