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The Trump tax and spending law delivered the business tax relief that US manufacturers wanted. However, concerns over the Trump administration’s volatile trade stance limit capital investment. Earlier, as Congress debated the sweeping tax and spending bill, many manufacturers paused their investment plans, awaiting clarity on the legislation and Trump’s tariff announcements. With the tax bill signed into law, manufacturers have one less thing to worry about. Still, the prospect of further tariffs under the Trump administration continues to cloud investor confidence. Crain says the new tax bill will encourage more capital investments Under the new law, companies can once again claim 100% bonus depreciation in the first year for investments in machinery and factories. It also allows for reductions in R&D expenses and offers more favorable rules for interest deductions. Charles Crain, managing vice president of policy at the National Association of Manufacturers, believed the tax provisions in the new bill could prompt some companies to invest in more projects. However, he claimed they could not project how much they would invest. Crain argued that tax was a huge impediment for businesses, and it’s “now off the table.”  However, some experts anticipate that changes in capital spending will take time, primarily slowed by Trump’s erratic tariff announcements and the tariffs themselves. Susan Spence, chair of the Institute for Supply Management’s Manufacturing Business Survey Committee, commented, “If companies can’t price their product accurately because the input costs keep changing due to an ever-changing tariff environment, then I think their decisions will stay largely frozen.”  Trump sent letters to multiple countries warning of more tariffs Recently, Trump sent tariff notices to multiple countries, warning of additional levies, though he maintained that trade agreements were still on the table.  He sent letters to at least 20 countries, including Brazil, the Philippines, Japan,…

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Filed under: News - @ July 11, 2025 5:25 pm