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 across the U.S. and the recent stabilization of manufacturing optimism.

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

• Education sector

• Technology sector

• Manufacturing sector

• Healthcare sector

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

• Lack of labor provisions

• Insufficient intellectual property protection for biologics

• High tariffs on exports

• Limited access to foreign markets

Which states are mentioned as key for manufacturing job creation?

• California and Texas

• Florida and New York

• Ohio and Illinois

• Wisconsin and Michigan

What recent trend in manufacturing optimism is highlighted?

• A significant decline in the last three months

• A steady increase over the past year

• A rapid increase in the last month

• No change in the last quarter

What is expected to result from increased manufacturing confidence?

• Higher wages and more job creation

• Stagnant economic growth

• Decreased investment and job loss

• Lower wages and fewer jobs