Domestic Market Share Index – 2023 Q4
The CPA Domestic Market Share Index (DMSI) rose slightly for both Q4 2023 and the full year last year. The U.S. trade deficit in manufactured goods came in at an alarmingly high $1.07 trillion last year.
CPA CHAIRMAN, PRESIDENT OF ATLAS TOOL WORKS, INC.
Zachary Justin Mottl is the fourth generation of his family to own and operate Atlas Tool Works. The company, founded in 1918, is a world class precision manufacturing facility offering a broad array of metal manufacturing services. Key markets include: Defense and Aerospace, Medical, Telecom and Electronics, and Industrial products.
In his current role as President, Zach works not only to increase business with new and existing customers, but also to engage in outreach, develop strategy, and find operational improvements at Atlas and the family’s related businesses including Accushim Inc. and Abet Industries.
Zach is an advocate for the value and importance of domestic manufacturing in any healthy state or national economic model and has testified before Congress on several occasions.
Zach serves on many boards and organizations including, the Coalition for a Prosperous America (CPA), the Cyber Security Committee at MXD, and Illinois Military Economic Development Committee.
The CPA Domestic Market Share Index (DMSI) rose slightly for both Q4 2023 and the full year last year. The U.S. trade deficit in manufactured goods came in at an alarmingly high $1.07 trillion last year.
The Biden administration’s recently announced proposal to increase the steel and aluminum tariffs on Chinese products from 7.5% to 25% could be a mixed bag.
In 2022, during the last Congress, House Democrats passed the Import Security and Fairness Act, which would deny de minimis treatment for all Chinese merchandise.
After three years of languishing in limbo, the Generalized System of Preferences (GSP), a quasi-free trade deal with more than 100 developing nations, will move out of the House Ways and Means Committee to the full House.