Tag Archives: Global trade war

International boating community urges trade officials to remove tariffs

boating tariffs

NMMA, the International Council of Marine Industry Associations (ICOMIA), and the European Boating Industry (EBI) sent a letter to the United States (U.S.) and European Union (EU) trade officials applauding their recent progress on trade negotiations and urging them to reach an agreement that removes the EU’s 25% tariff on U.S. manufactured boats. “Since 2018, the United States’ worldwide steel and aluminum ...

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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 ...

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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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