Tag Archives: Tariffs

NMMA recaps recent trade developments, urges more action

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 ...

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US and China reach initial deal on tariffs

Last week, the Trump administration and China reached a partial deal – known as the Phase One Trade Agreement – to deescalate the ongoing trade war. While some details of the agreement have yet to be released – including the timeline for implementation. The NMMA said it welcomed the news and urged both parties to keep negotiating until all tariffs are removed. ...

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Trump Administration announces Section 301 List 4A exclusion process

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 ...

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US-China trade war continues to intensify

Late last week, President Donald Trump announced that his administration will raise duties on $250 billion in Chinese goods from 25% to 30% and increase tariffs on another $300 billion in products from 10% to 15%. The move comes on the heels of recent actions by both China and the U.S. that have escalated the long running trade war, which ...

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Inflatable boats and kayak paddles awarded tariff exemptions

Inflatable boats and kayak paddles were among the 10 types of products that the Trump administration granted tariff exclusions for on Tuesday. Leading up to the decision, NMMA advocated for exempting the products from tariffs targeting $200 billion in Chinese imports – Section 301 List 3 – including working with stakeholders to apply for exclusions, filing comments in favor of the ...

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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, coalition partners participate in new tariff hearings

Yesterday, the Office of the U.S. Trade Representative (USTR) held the first day of hearings regarding proposed Section 301 tariffs on approximately $300 billion worth of Chinese products (List 4). Held at the International Trade Commission, NMMA participated by bringing items that would be affected by the administration's newest round of proposed tariffs. NMMA was joined by representatives from the ...

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U.S. Trade Representative announces exclusion process for list 3 of Section 301 tariffs

The U.S. Trade Representative (USTR) released the first details regarding the exclusion process for Chinese products on List 3 ($200 billion) of the Section 301 duties. USTR had previously stated that an exclusion process for List 3 was to be implemented along with the increase in the tariff rate from 10 percent to 25 percent. The Federal Register notice released by ...

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Tariffs are the talk of the town in D.C.

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 ...

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Tariffs are the talk of the town in D.C.

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 ...

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