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 ...
Read More »Tag Archives: Chinese aluminum tariffs
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. ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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. ...
Read More »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. ...
Read More »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 ...
Read More »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 ...
Read More »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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