Tag Archives: President Trump

The U.S. and Japan are set to announce a deal that would cut tariffs on steel. Under the agreement, a limited amount of Japanese steel will be allowed for import without the 25% levy imposed by President Trump in 2018. If Japan goes over that amount, the tariff would return. Japan is one of the top 10 sources of steel to the ...

The Office of the U.S. Trade Representative (USTR) recently announced that on Thursday, Oct. 31, 2019 it will begin accepting tariff exclusion requests for Chinese products subject to an additional 15% tariff (Section 301 List 4A) that went into effect on Sep. 1, 2019. Exclusion requests will be received via USTR’s online exclusion request processing portal at exclusions.ustr.gov – details regarding the ...

This week, NMMA signed President Trump’s ‘Pledge to America’s Workers’ – an initiative aimed at challenging industries and companies of all sizes to commit to providing new education and training opportunities over the coming five years. NMMA said addressing the marine industry’s workforce shortage is a top priority and the association is urging all stakeholders to join them in this effort. ...

Yesterday, NMMA and several recreational boating industry executives joined President Donald Trump at the White House for a speech on the need to strike a balance between the country’s environmental protections and energy requirements. In addition to NMMA and its members, representatives from the American Sportfishing Association, BoatUS, Center for Sportfishing Policy, and Coastal Conservation Association attended the president’s address. ...

The National Marine Manufacturers Association says the five-percent tariffs announced by President Trump on all goods from Mexico as a way to compel the country’s leaders to help curb illegal immigration into the U.S. would be “problematic” for marine manufacturers. The tariffs are currently set to begin on June 10 and steadily increase in the coming months – 10-percent on ...

The U.S. marine industry is facing a 1-2-3 punch from worldwide tariffs on steel and aluminum, anti-dumping and countervailing duties on Chinese aluminum sheets and Section 301 tariffs on nearly 350 marine products. That was the main takeaway at the Trade State of Play: Tariffs, Negotiations & Off-Ramps breakout session at last week’s American Boating Congress. “The administration’s stance on ...

The CEO of Polaris Industries says an impending tariff increase is a catastrophe for his business, and could erase a third of the company’s net income. In a phone call with CNBC Tuesday, Polaris CEO and Chairman Scott Wine said the White House’s plan to up tariffs on Chinese goods to 25% is “downright catastrophic in terms of impact on ...

U.S. Senator Chuck Grassley (R-IA) – chairman of the powerful Senate Finance Committee, which has jurisdiction over trade-related matters – penned an opinion piece in The Wall Street Journal, stating that Section 232 aluminum and steel tariffs targeting Canada and Mexico – and both countries’ subsequent retaliatory measures – must be removed before Congress will ratify the U.S.-Mexico-Canada Agreement (USMCA). ...

President Trump and congressional Democrats met at the White House to begin discussions on passing and signing a robust infrastructure package into law. NMMA welcomed the summit and urged leaders to modernize blue-green infrastructure as part of any comprehensive proposal. “We applaud the continued dialogue between policymakers on repairing our nation’s crumbling infrastructure, said Nicole Vasilaros, NMMA senior vice president ...

NMMA – along with a coalition of stakeholder partners – recently sent a letter to President Trump, urging him to refrain from imposing auto tariffs using Section 232 of the Trade Expansion Act of 1962. The president previously exercised this authority by imposing tariffs on aluminum and steel, which caused price increases, domestic shortages, and retaliatory measures on U.S. boat ...