Manufacturers Optimistic About USMCA But Have Concerns, NAM CEO Says

The transcript discusses the focus on job creation in the manufacturing sector, the impact of trade agreements like USMCA and the phase one agreement with China on manufacturing optimism, and concerns about labor changes and biologics in trade agreements. It also covers the geographical distribution of manufacturing jobs and the future outlook for the sector, highlighting the importance of key states like Michigan and Pennsylvania.

What was the initial focus of the president's administration in terms of job creation?

• Healthcare sector

• Education sector

• Manufacturing sector

• Technology sector

What is one of the main concerns manufacturers have with the USMCA?

• Limited access to European markets

• High tariffs on exports

• Insufficient intellectual property protection for biologics

• Lack of labor provisions

Which states are mentioned as key for manufacturing job growth?

• Ohio and Illinois

• Wisconsin and Michigan

• California and Texas

• Florida and New York

What recent trend in manufacturing optimism is discussed?

• A rapid decline over the past year

• No change in the last quarter

• A significant drop in the last three months

• A steady increase over the past year

What is expected to result from increased manufacturing confidence?

• Lower wages

• Decreased investment

• More job creation

• Reduced benefits