Industry News

U.S. Export / Trade Issues

U.S. Clean Diesel Technology Exports an Economic Powerhouse
On the occasion of World Trade Week, the Diesel Technology Forum today highlighted the importance of diesel engines, fuels and equipment in global commerce and international trade.
Compact Equipment – 5/22/2013

Manufacturers Outline Goals for Successful EU Trade Agreement Negotiations
National Association of Manufacturers (NAM) President and CEO Jay Timmons sent a letter today to President Obama outlining goals for negotiations of the trade agreement with the European Union (EU) to make manufacturers in the United States more globally competitive and create jobs.
NAM – 3/27/2013

U.S.-Russia Trade Bill Gains Final Hill Approval
Legislation that is expected to spur U.S. construction-equipment exports to Russia has cleared its final congressional hurdle, as the Senate approved a bill to establish permanent normal trade relations between the two countries.
ENR – 12/6/2012

U.S. dominates heavy equipment exports
The United States continues to lead in the global sales of heavy equipment like mining trucks and military machinery, the Wall Street Journal reports.
Equipment World – 12/6/2012

US trade deficit grows in March
Official figures from the Commerce Department show the deficit at $51.8bn (£32.0bn) in March, up from $45.4bn in February.
BBC News – 5/10/2012

Finally the U.S.-South Korea Free Trade Agreement Takes Effect
Today, after a five year wait, manufacturers in the United States can finally realize the benefits of the Korea-U.S. Free Trade Agreement (KORUS). Starting today Korea's tariffs on over 9,000 U.S. products disappear - covering over 80 percent of all of Korea's tariffs on U.S. products. The remaining 20 percent will be eliminated in stages over the next few years.
Shopfloor – 3/15/2012

U.S. Construction Equipment Exports Climb 43 Percent in 2011
U.S. construction equipment exports increased 43 percent in 2011 compared to 2010, for a total of $23.5 billion of machinery shipped to other countries according to the Association of Equipment Manufacturers. This follows growth of 28 percent in 2010 after a 2009 decline of 38 percent in the depths of the recession.
Rental Equipment Register – 3/9/2012

Total U.S. construction machinery exports at midyear-2011 at $11 billion
U.S. exports of construction equipment continued to grow in 2011 and ended the first half of the year up 48 percent compared to January-June of 2010, according to the Association of Equipment Manufacturers (AEM).
Equipment World – 8/29/2011

Korean Ambassador Optimistic Trade Agreement Will be Ratified
Han Duk-soo, Korea's ambassador to the United States, is optimistic that Congress will pass the Korea-U.S. Free Trade Agreement when President Barack Obama submits it for ratification.
AgriMarketing – 1/10/2011

U.S. Chamber Welcomes 'First Step Forward' on U.S.-Mexico Trucking Dispute
U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement today regarding the administration's release of a proposal to resolve the U.S.-Mexico cross-border trucking dispute
U.S. Chamber of Commerce – 1/7/2011