Town hall speakers included John Garrison, chairman of the Board and President and CEO of Terex Corporation, Fred Hochberg, former chairman and president of the Export-Import Bank, and Anja Manuel, author and principal at RiceHadleyGates, LLC.
The Association of Equipment Manufacturers (AEM) co-hosted a town hall Sept. 20, 2018, in partnership with Genie, a Terex AWP brand, in front of 150 Genie team members on the business's showroom floor and with thousands more watching online.
The discussion on trade comes as tensions continues to rise this week between the U.S. and several longstanding trade partners, including China – which is involved in an escalating trade war impacting the equipment manufacturing industry.
“Accessing global markets and free trade are critical to the strength of our industry – including many of 1.3 million equipment workers we support,” said Dennis Slater, president of AEM. “It's important that our industry is informed and stays engaged with this year's midterm election just weeks away.”
Matt Fearon, Genie president, agreed with Slater, saying, “It's important for all of us to stay involved because it's critical to the overall health of the economy. The recent tariffs and trade tensions has created uncertainty and growing concerns about inflation that could slow the construction industries and hurt businesses. The more aware people are about the real impacts to business the better decisions they can make about which policies to support.”
Town hall speakers included John Garrison, chairman of the Board and President and CEO of Terex Corporation, Fred Hochberg, former chairman and president of the Export-Import Bank, and Anja Manuel, author and principal at RiceHadleyGates, LLC. Discussion topics ranged from the importance of equipment manufacturers gaining access to new markets, to the government's role in promoting trade, as well as highlighting several trade challenges impacting the future of the equipment manufacturing industry.
“Trade is not a four letter word, and it's time we stop talking about it as if it is,” said Fred Hochberg, former chairman and president of the Export-Import Bank. “It's good for America, American workers, exporters and consumers; and we have an opportunity this November to put us back on the right track.”
More than six out of 10 Washingtonians believe free trade would help strengthen the state economy than relying on the use of tariffs according to a new poll released Sept. 20, during the town hall. The poll also found that Washingtonians opposed the implementation of $250 billion in tariffs on Chinese goods by a two-to-one margin. The poll was conducted by Morning Consult from Sept. 5-6, 2018, among a sample of 1,184 adults in Washington.
This event is the final stop of AEM's I Make America Town Hall Tour, which launched in May to educate and engage manufacturing voters about the policies that are critical to the future of the industry. At a time when too many policy debates that directly impact the future of the equipment manufacturing industry take place in Washington, AEM has brought policy and industry experts to shop floors across the country for engaging and productive discussions with the men and women who help make America.
Last week, AEM joined a coalition of more than 80 of the nation's leading trade associations and businesses to form Americans for Free Trade, a new initiative aimed at “opposing tariffs and highlighting the benefits of international trade to the U.S. economy.”
About the Association of Equipment Manufacturers (AEM)
AEM is the North American-based international trade group providing innovative business development resources to advance the off-road equipment manufacturing industry in the global marketplace. AEM membership comprises more than 950 companies and more than 200 product lines in the agriculture, construction, forestry, mining and utility sectors worldwide. AEM is headquartered in Milwaukee, Wisc., with offices in the world capitals of Washington, D.C.; Ottawa, Canada; and Beijing, China.
For more information, visit www.aem.org.
Terex Corporation is a global manufacturer of lifting and material processing products and services delivering lifecycle solutions that maximize customer return on investment. Major Terex brands include Terex, Genie, Powerscreen and Demag. Terex solutions serve a broad range of industries, including construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utilities, quarrying and mining. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services.
For more information, visit www.terex.com.