TMA Press Release – February 11, 2025
SCHAUMBURG, IL – A new survey by the Technology & Manufacturing Association (TMA) finds small and midsize manufacturers split over imposing tariffs on Canada, Mexico, and China. As organizations put out statements supporting or opposing tariffs, TMA spoke to their members to see where manufacturers actually stand on this trade policy.
Out of 167 small and midsize manufacturers who participated in the survey, 49% support imposing tariffs on Canada, Mexico, and China, while 40% oppose the tariffs.
Recently Congressman Darin LaHood joined TMA for a legislative briefing where he provided members with insight on what to expect and how tariffs can be used effectively, stating, “…look at this as a balanced approach when it comes to tariffs—that tariffs can be implemented again in a targeted way but you have to also do that in concert with tax reform, bringing down taxes, making sure we’re helping our small and medium sized businesses with an R&D tax credit, 100% bonus depreciation, 20% pass-through. Those things help so we have to have that.”
About TMA: Founded in 1925, TMA is an independent trade association exclusively funded by industry and solely focused on small and midsize manufacturers. TMA has nearly 900 members representing approximately 39,000 manufacturing employees and more than 27 million square feet of manufacturing plant. More at www.tmaillinois.org
