Trump Administration announces additional tariffs on Chinese products
Late last week, President Trump announced that trade talks between the U.S. and China had broken down and that, beginning Sep. 1, 2019, the U.S. will impose a 10% tariff on the remaining $300 billion of goods not already subject to previous Section 301 trade actions.
The NMMA said it has long cautioned against levying additional tariffs on China, which will directly impact many marine industry products including life jackets, fishing rods, and water sports equipment.
In response, NMMA senior vice president of government and legal affairs, Nicole Vasilaros stated, “The trade war between the U.S. and China has already done enough damage to small businesses and workers across the country and the administration’s new tariffs on $300 billion of Chinese products sets back any progress and ensures this dangerous tit-for-tat trade policy will continue. While we agree that China must be held accountable for its unfair trade practices, the fact remains that tariffs are taxes that are paid by American workers, businesses, and households. We urge President Trump and trade officials to get back to the negotiating table and stop the spontaneous use of tariffs.”
You (Boating Industry mag) agree that “China must be held accountable for unfair trad practices”) but don’t seem to support the sacrifices needed to accomplish that. Getting “back to the negotiating table and stopping the spontaneous use of tariffs” accomplishes nothing unless you can position yourself FIRST in a position of strength. Trump knows that. So do the Chinese.
Boating Industry did not state that China must be held accountable for unfair trade practices. That is a direct quote from NMMA senior vice president of government and legal affairs Nicole Vasilaros.
The NMMA is taking an UN-American position buy supporting China. The NMMA is short for National Marine Manufactures Association and being as they were founded in The United States then that means that the National in their name is the United States of America. If they would just make a little effort they could find companies here in the U.S. to supply the products they need. I have spent a lifetime in the Marine industery and remember when all products were produced in the U.S.. MY QUESTION OT THE NMMA IS WHAT IS WRONG WITH USING ALL U.S. MADE PRODUCTS?