CTMA responds to U.S. tooling industry investigation

The Canadian Tooling & Machining Association says it welcomes the U.S. International Trade Commission’s investigation into the impact of globalization on the U.S. tool, die and mold industry. The investigation, which was requested by U.S. House of Representative, specifically names Canada, as well as other Asian and European countries, in a planned assessment of foreign markets and industries, as part of an overall analysis of the competitive conditions facing the U.S. toolmakers.
In the news release, CTMA says competition from globalization is affecting the entire North American tooling, die and mold industry, thus the investigation will benefit Canadian as well as the American industry. The CTMA says Canadian shops are not practicing unfair trade, and asserts U.S. shops are mainly suffering from the high value of the U.S. dollar, which it says is a policy pursued by the U.S. government.