Tag Archives: China trade war

There have been several developments on the trade and tariff front in the past few weeks. While NMMA said it is encouraged with the recent ratification of the United States-Mexico-Canada Trade Agreement (USMCA) and the initial Phase One Trade Agreement with China, the association says more work is needed to remove tariffs and ensure the recreational boating industry can continue ...

The Trump Administration announced Monday it will impose a 10 percent tariff on an additional $200 billion worth of Chinese goods starting Monday, Sept. 24 and raise it to 25 percent at the beginning of 2019. Leading up to the formal decision, the National Marine Manufacturers Association and its members encouraged the administration to forgo this tranche of tariffs in ...

There have been several changes on the Section 301 tariffs front since August 1. While the  National Marine Manufacturers Association continues to caution against further escalating the trade conflict, some recent actions are encouraging. On Tuesday, the Trump administration announced their final list of $16 billion in Chinese products that will face a 25 percent tariff starting August 23. The ...

Earlier this week, the Trump Administration announced it is considering increasing the Section 301 tariff on $200 billion in Chinese products from 10 to 25 percent – which includes boats, marine parts, and trailer tires. Because of this development, the administration has extended the deadline for submitting comments and requests to testify, and NMMA is encouraging all affected members to ...

The Trump Administration recently implemented the first phase of Section 301 tariffs on approximately $34 billion worth of Chinese products – including marine engines, navigational equipment, and components. The tariffs are in response to China’s alleged theft of U.S. intellectual property and could be expanded to a total of $50 billion or more. Regarding the new tariffs, NMMA President Thom ...

The National Marine Manufacturers Association is sounding a new and urgent alarm on the Section 301 tariffs announced last week by the Trump Administration. The 25 percent tariffs on approximately $50 billion worth of select Chinese products include nearly 300 marine-related parts. “The U.S. recreational boating industry – a $39 billion industry that supports 650,000 American jobs – experienced another ...

The National Marine Manufacturers Association has voiced its opposition and supported the efforts of like-minded members of Congress in three key ways in recent weeks. NMMA’s government relations team distributed statements of opposition jointly endorsed with International Council of Marine Industry Association and the European Boating Industry, highlighted the marine industry during Congressional hearings with the Trump Adminstration, and held ...