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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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 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. ...
Read More »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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