Tag Archives: Tariffs

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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Agreement reached for Section 232 tariffs

On Friday, Canada, Mexico, and the U.S. reached an agreement on Section 232 aluminum and steel tariffs and subsequent retaliation. The agreement clears the deck for ratification of the United States-Mexico-Canada agreement (USMCA) and marks the end of all North American retaliatory tariffs on boats. In response, NMMA president, Thom Dammrich stated, "The agreement between the U.S., Canada, and Mexico ...

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Trump Administration announces new Section 301 tariffs

On Monday, the United States Trade Representative (USTR) posted a Federal Register notice announcing the process for its proposed Section 301 tariff of 25 percent on an additional $300 billion worth of Chinese products (List 4). USTR’s action follows a recent setback in trade negotiations between the U.S. and China and would apply a 25 percent tariff on all remaining Chinese imports ...

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Canadian government lifts retaliatory tariffs on boats

NMMA Canada and the Canadian Marine Trades Associations were recently advised by the Government of Canada that effective April 30, 2019, all retaliatory tariffs on U.S. recreational boats entering Canada have been removed. A joint statement from NMMA Canada and NMMA said this marks the most positive development for the industry since the tariff issues first emerged. The action from ...

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NMMA welcomes Senator Grassley’s call to end aluminum and steel tariffs

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). ...

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