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Tag Archives: Chinese aluminum tariffs

NMMA fighting trade war on three fronts

The global trade war has intensified in the past two weeks, and the recreational boating industry has been placed in the crosshairs. The National Marine Manufacturers Association continues to pressure the Trump Administration to resolve this conflict and is working with Congress on legislative solutions while keeping members updated and media informed of the association's message. NMMA needs the industry’s ...

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Aluminum sheet countervailing duty amounts announced

The U.S. Commerce Department has announced the countervailing duty amounts on aluminum sheet from China. The countervailing duty is the first tariff to be applied on imports of aluminum sheet from China stemming from Commerce's self-initiation of an unfair trade investigation last November. The second one of these tariffs is the anti-dumping tariff, which is expected to be announced soon. ...

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NMMA issues Boating United alert on aluminum tariffs

The National Marine Manufacturers Association has issued a new Boating United alert encouraging all industry stakeholders to take action on the aluminum issue. With so much information out there, and so much at stake, the NMMA federal government relations team breaks down how the two different aluminum tariffs will impact the marine industry and our economic ecosystem: Recreational boating is ...

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U.S. Commerce Department provides aluminum tariff update

Earlier this month, President Donald Trump exercised his authority under Section 232 of the Trade Expansion Act of 1962 to impose a 10 percent worldwide tariff on aluminum. As part of the announcement, the Trump Administration has provided for an exemption process of certain types of aluminum "not to be produced in the United States in a sufficient and reasonably ...

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The Future: An open letter to President Trump

Dear Mr. President, You have a big job, in fact, the biggest. I cannot imagine the number of items you must consider each day. Therefore, I want to be respectful of your time while also asking you to consider some thoughts that I believe are critical to the future of our country. Mr. President, as you know, the world is ...

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NMMA condemns aluminum tariffs, issues action call

Thom Dammrich, NMMA president, reiterated the recreational boating industry’s concerns following President Trump’s formal announcement yesterday of new tariffs on steel imports (a 25 percent tariff) and aluminum imports (a 10 percent tariff) – releasing the following statement: “The Administration’s short-sighted decision to implement new tariffs is meant to fulfill a campaign promise rather than support robust, pro-growth trade policy. ...

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NMMA working with Congress to build case against global tariffs

The National Marine Manufacturers Association worked with several members of Congress, including several key boating advocates, on a letter issued to President Donald Trump yesterday, urging him not to impose global tariffs on steel and aluminum imports. The letter follows Trump’s announcement last week to impose tariffs on imported steel and aluminum, a tariff that is separate from the U.S. ...

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European Union threatens recreational boat retaliatory tariffs

In response to last week’s action by President Donald Trump to impose a worldwide tariff on steel and aluminum imports, the European Union announced its preparations to place punitive tariffs on many popular U.S. products, including recreational boats. Should the EU go forward with a tariff on recreational vessels, the impact on the marine industry will be felt by aluminum ...

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NMMA sounds alarm on Trump aluminum tariff announcement

President Donald Trump announced Thursday his decision to impose tariffs on imported steel and aluminum, a tariff that is separate from the U.S. Department of Commerce anti-dumping and countervailing investigation on common alloy aluminum sheet from China that the National Marine Manufacturers Association has been fighting. In his announcement, the president determined he would place a tariff of 25 percent on foreign-made ...

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Global Trade is Tough – Aluminum Proves It

In November the U.S. Department of Commerce announced a historic self-initiated investigation into whether China is selling certain aluminum product into the United States at below fair market value. What made this action historic was that the Department has not self-initiated an investigation in over 25 years. Normally, the catalyst for an investigation is a complaint by an impacted U.S. ...

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