July 26, 2019

July 2019 eNewsletter

July 2019 E-News: Made in America 2019

This fall, MadeInAmerica.com will launch the first ever large trade show and conference focused exclusively on manufacturers in the U.S.A., Made in America 2019 (Indianapolis, IN, October 3-6). This historic 800-exhibitor B2C and B2B show will highlight the advantages of domestic manufacturing and encourage companies to source and produce more in the States. Attendees will find an exciting array of consumer and business products. The Initiative’s Harry Moser is one of many speakers. The show has received a high level of national attention, with the founder appearing on CNBC’s Hannity on July 4.

Monthly Focus: Import Substitution Program (ISP)

The Reshoring Initiative has launched the Import Substitution Program (ISP) to help you convince importing companies to produce or source more of their products domestically. ISP identifies and qualifies the major importers of what you produce, and trains you to use our TCO Estimator to convince importers to produce or source domestically from you instead. It is a unique tool that can become an important part of any sales, marketing or economic development efforts. Replacing imports is a huge, largely untapped market; the annual value of goods imported to the U.S. is $2.4 trillion. Adjusted to U.S. Ex-Works price levels, the value is approximately $3.4 trillion, about 40% more than the value of annual U.S. manufacturing output.

Customized versions of ISP are available for:

We estimate that consistent use of the program would increase domestic manufacturing by about 10% and add one million manufacturing jobs.

In the News

Fed survey shows tariffs shifting work from China to the U.S.
Alan Tonelson reports that, according to the Dallas Federal Reserve Bank manufacturing report, "Many more companies that reported net negative impacts from tariffs were responding by replacing imports with domestic production, not with non-tariffed foreign products. The sample size here is small (46 firms), but 17.4 percent said they were ‘mitigating’ the tariff damage by finding new domestic suppliers and another 17.4 percent were bringing ‘production or processes’ back in-house. Only 10.9 percent answered ‘finding new foreign suppliers.’" See Trump’s Trade Wars Winning for America.

The 2019 SelectUSA Investment Summit was a great success!

Harry Moser, right, participated in Under Secretary of Commerce for International Trade Gil Kaplan’s 2019 ReSelectUSA Roundtable at SelectUSA 2019.