AGMA & ABMA recognize that with the latest Executive Orders affecting trade and tariffs for domestic and international companies there is a great deal of uncertainty on how the supply chain for our industries will be impacted.
We are making it a priority to provide the most up-to-date information for our members about the important issues at hand. On this page you will find articles, curated webinars for the gear and bearing manufacturers, economic reports, forecasting information and so much more. We want to remain the periscope for our members regardless of what sector you are in and are here to help you navigate the many challenges ahead.
AGMA has both live and on-demand webinars with vital information and breaking news.
SPECIAL ADVOCACY EVENT
Make your voice heard at the upcoming ABMA/AGMA DC Fly-In on May 12-13, 2025!
This is an unparalleled opportunity for industry leaders to converge in Washington, DC, meet with federal agencies, legislators and regulators to champion the industry and issues vital to the manufacturing sector.
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April 2, 2025
President Trump Announces “Reciprocal” Tariffs Beginning April 5, 2025
By Nate Bolin, Dave Allman, Karla Cure, Myeong Park
On 2 April 2025, President Trump announced a series of “reciprocal” tariffs on US imports from all countries. The tariffs apply at different rates by country, starting at a baseline of 10% and reaching as high as 50%.
The tariffs, which are being implemented under the authority of the International Emergency Economic Powers Act (IEEPA), will go into effect at a rate of 10% on 12:01 am ET on 5 April 2025. For some countries (see the complete list at the end of this alert), the 10% tariff baseline will increase to a higher per-country rate effective 12:01 am ET on 9 April 2025.
The latest tariffs are intended to address the customs duties and related VAT and non-tariff barriers imposed by each covered trading partner on US exports, as summarized in the National Trade Estimate Report issued by the Office of the US Trade Representative on 31 March 2025.
Gene Marks, renowned keynote speaker and national business columnist, discusses tariffs and inflation on Fox News Live.
Gene has been breaking down the impact of tariffs and inflation all year and discusses what it means for manufacturers where supply chain costs and global trade policies directly affect the bottom line.
News
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President Trump Announces “Reciprocal” Tariffs Beginning April 5, 2025
On 2 April 2025, President Trump announced a series of “reciprocal” tariffs on US imports from all countries. The tariffs…
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President Trump Signed Executive Order Intended to Increase US-based Mining, Refining, and Production of Critical Minerals and “Derivative Products”
Today, President Trump signed an executive order intended to increase US-based mining, refining, and production of critical minerals and “derivative…
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President Trump Intends to Raise the 10% Additional Tariff Rate on Imports from China to 20% on March 4
On February 21, 2025, the President Trump ordered three additional steps to implement the America First Trade Policy announced on…
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Trump plans tariffs on Mexico and Canada for Tuesday, while doubling existing 10% tariffs on China
Articles that are the products of China, which hereinafter will include products of Hong Kong in accordance with Executive Order…
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US Requests Comments on “Unfair Trade Practices” of any/all US Trading Partner Countries as Prelude to “Reciprocal” Tariffs
On February 21, 2025, the President Trump ordered three additional steps to implement the America First Trade Policy announced on…
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President Trump Takes Additional Actions on Reciprocal Tariffs, Shipping, and Digital Services Taxes
On February 21, 2025, the President Trump ordered three additional steps to implement the America First Trade Policy announced on…
Webinars
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Trade, National Security, and Tax Policy Update II
Join us on April 30 for part two of our trade and policy update. At the culmination of the first 100 days of the Trump Administration, our trade, national security,…
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2024 Election Results and US Trade and Investment Update: What to expect for the first 100 days of the second Trump Administration
In this webinar, we will unpack the results of the November 2024 election and what they mean for US trade and investments in US energy, transportation, and manufacturing sectors in…
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Asia-Pacific Security Policy and What Future Developments in the Region Mean for Bearing and Gear Companies
Defense budgets and investments in security arrangements are accelerating as tensions rise across the Asia-Pacific region from Taiwan to the South China Sea to the Pacific Islands and beyond. In…
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Possible U.S. Carbon Tariffs & Subsidies for EV Production – Prospects for Bearing and Gear Companies
Register for the U.S. Carbon Tariffs and EV Subsidies trade webinar on July 18, 2024.
AGMA and ABMA have partnered with Nate Bolin, Partner, K&L Gates, as our subject matter expert on all thigs related to trade and tariffs.
Nathaniel B. Bolin
Partner, K&L Gates
For more than 20 years, Nate Bolin has advised and represented US and global clients on export controls, economic sanctions, trade remedies, customs and tariffs, and related areas of national security and international trade laws. Nate has extensive experience with the trade and national security laws and policies governing advanced and emerging technologies in the aerospace, advanced materials, chemicals, defense, medical, oil and gas, semiconductor, telecommunications, and transportation industries. He also regularly helps clients successfully navigate the complex Committee on Foreign Investment in the United States (CFIUS) process and national security issues involving investments and cross-border transactions.