The US pushes the manufacturing promotion bill, the machine tool industry will benefit

Not long ago, US President Barack Obama signed the US Manufacturing Promotion Act. The bill would reduce or suspend some of the tariffs U.S. companies must pay when importing raw materials for production to help U.S. manufacturing reduce costs, restore competitiveness and achieve Obama's goal of doubling U.S. exports within five years. Committed to improving the competitiveness of 'Made in America' u200bu200bObama said at the signing ceremony that the United States needs to break the habit of buying more products from other countries than selling to foreign countries, and rebuild a stronger core of the American economy, which is 'Made in America' u200bu200bfour. words. The Manufacturing Promotion Act is part of the U.S. government's package to revive 'Made in America,' which includes massive investments in clean energy, road transportation, and improved broadband services, totaling $17 billion. The United States is the number one manufacturing power in the world today. However, since the early 1980s, with the development of economic globalization, many manufacturing industries in the United States have either disappeared, have become more automated, or have relocated their production lines overseas. The proportion of manufacturing in the U.S. economy is declining, the economy has gradually transformed into a service-based economy, and the number of jobs provided by manufacturing is declining. U.S. manufacturing has lost 6 million jobs over the past 10 years, according to the latest figures from the U.S. Bureau of Labor Statistics. Domestic public opinion in the United States is full of concerns about the loss of American manufacturing jobs or the so-called 'hollowing out' of the industry. The Manufacturing Promotion Act aims to increase the export competitiveness of American manufacturing through tax cuts, thereby creating more jobs. The share of the US machine tool industry in the world continues to decline. At present, the US machine tool manufacturing industry is still in a leading position in the world in terms of high-efficiency automated machine tools, automatic production lines, NC machine tools, FMS and other machine tool technologies and industrial production. , construction and medical equipment manufacturing. However, in recent years, the share of US machine tool output value in the world's total machine tool output value has continued to decline, not only far below its competitors such as Germany and Japan, but also far behind China. Under the impact of the financial crisis, the output value of the world's major machine tool producing countries and regions fell sharply in 2009, while China's output value rose to the top in the world against the trend, and its share rose to 27.6%. At the same time, the proportion of US machine tool output in the world's total output fell from 6.18% in 2003 to 4.19% in 2009. Figure 1 shows the changing trend of the ratio of the output value of machine tools in Japan, Germany, the United States, and China to the world's total output value from 2005 to 2009. Figure 1 2005-2009 Japan, Germany, the United States, and the middle output value change trend in the world's total output data Source: Gardner Publications, Inc. Market competitiveness lags behind Germany and Japan From the perspective of market competitiveness, the US machine tool industry also lags behind Japan , Germany and Switzerland and other machine tool manufacturing powerhouses. In 2009, the United States imported 2.26 billion US dollars of metal processing machine tools, ranking second in the world after China; and its export value was 1.21 billion US dollars, ranking only the seventh in the world. Judging from the trade competitiveness index, which reflects the competitiveness of the industrial market, the TC (Trade Competitiveness) index, the machine tool competitiveness index in the United States is always negative, indicating that its machine tool products still rely heavily on imports. TC index u003d (export value - import value) / (export value + import value), indicating the proportion of a country's import and export trade balance in total import and export trade. This indicator excludes the impact of fluctuations in macro factors such as economic expansion and inflation, that is, no matter what the absolute volume of imports and exports is, the indicator is between -1 and 1. The closer the value is to -1, the weaker the competitiveness; the closer to 1, the greater the competitiveness. From 2005 to 2009, the changing trend of the machine tool trade competitiveness index of the world's major machine tool producing countries and regions is shown in Figure 2: Figure 2 2005 to 2009 The country's machine tool trade competitiveness pointed out the changing trend Data source: Gardner Publications, Inc. According to the United States According to the data provided by the Association of Manufacturing Technology (AMT), from January to July 2010, the TC index of American machine tools was -0.07, which was significantly higher than -0.3 in 2009. Among them, in the first seven months, the United States exported 1.14 billion US dollars of machine tools, which is close to the export value of last year. Extending the tax holiday for some machine tools and equipment. The manufacturing promotion bill introduced by the United States mainly involves the machine tool industry and extends the two-year tax holiday to December 31, 2012 for certain manufacturing equipment, such as those used for processing iron or steel wire. , certified for off-highway use, and CNC machine tools and parts thereof for radial tires with a rim diameter of 63.5 cm and above, and for shearing metal laminations, certified for off-highway use, and rims CNC shearing machines for radial tires with a diameter of 63.5 cm and above and their parts, etc. These measures can reduce the cost of enterprises and help improve their market competitiveness. The chairman of AMT also said recently that the government's extension of the tax holiday is an important reason for the continued growth of US machine tool orders this year. As of August, the US metal processing machine tool orders increased by 62.4% year-on-year.