Late Friday, the Mexican government announced that it would reopen its automotive factories, which it had earlier closed as “non-essential” businesses during the COVID-19 crisis. The news came on the heels of letter sent by over 300 members of the National Association of Manufacturers (NAM) to Mexican President Andrés Manuel López Obrador warning that shuttered automotive plants and other “essential manufacturing facilities” could imperil the entire North American supply chain.
Sixteen states, with many more on the way, have already banded together to pursue legal action to stop the implementation of Barack Obama’s “Clean Power Plan”. Unfortunately, Pennsylvania won’t be joining the party.
New Carbon Tax a Blow to a Surging Manufacturing Sector
Just when American manufacturing is starting to flex its muscles again, a movement is underway in Washington to levy a new tax that would stifle that resurgence. Two weeks ago legislation was introduced in the U.S. Senate to establish a tax on carbon based energy - the same affordable, reliable energy partly responsible for American reshoring.