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China Currency No Longer Linked to Dollar
The People’s Bank of China, China’s central bank, announced today that it is adopting a more flexible exchange rate system.   

ARE MACHINE TOOLS IMPORTANT TO OUR NATIONAL SECURITY?
No matter what laws Congress passes, DoD is determined to do as little as possible to strengthen the U.S. machine tool industry, which they apparently do not see as relevant to their core mission in the 21st Century.

AMT's Dr. Paul Freedenberg Testifies Before the U.S.-China Economic and Security Review Commission
On June 23, 2005, Dr. Paul Freedenberg, AMT's Vice President-Government Relations, testified before the U.S.-China Economic and Security Review Commission on U.S.-China trade issues and their effect on the U.S. manufacturing technology industry.  Dr. Freedenberg also recently appeared on CNN's Lou Dobb's Report and Public Television's Nightly Business Report discussing U.S.-China trade policy.

April Trade Deficit Put at $57 Billion
The U.S. monthly goods & services deficit widened in April 2005, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau.  The deficit increased $3.4 billion from $53.6 billion in March to $57 billion in April, as imports increased more than exports.

U.S. Issues Stern Warning Over China Currency
The United States, in its toughest warning to Beijing yet, told China Tuesday it will be named a manipulative trading partner unless it moves fast to make its currency more flexible.

Council of Economic Advisors Testimony on China's Impact on Global Trade
Kristin J. Forbes, PhD, Member, Council of Economic Advisors, testified before the House Ways and Means Committee on China's economy and the impact on global trade.

China’s Currency Manipulation: A Major Cause of Widening Trade Gap
NAM VP for International Economic Affairs Frank Vargo Says Chinese Import Growth Dwarfs that of Other Trading Partners

Congressional Concern About the Defense Industry Base - February 2005
February 2005 AMT News Federal Facts column written by Dr. Paul Freedenberg, Vice President - Government Relations, AMT.

Government In The Way 1.31.05
Washington Times article written by Ernest S. Christian, Director, Center For Stategic Tax Reform (of which AMT is a founding member) discussing how the U.S. government hinders American competitiveness.

Can Manufacturing Support A War? - January 2005
Government Matters column by Dr. Paul Freedenberg, AMT - VP, Government Relations, appearing in the January 2005 issue of American Machinist magazine.

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For more information contact Amber Thomas at: athomas@AMTonline.org
 
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