Tag Archives: Tariffs

Treasury Secretary Mnuchin in China trying to end trade war

Reuters reports that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will be in Beijing on Tuesday “to try to hammer out details to end” the year-long U.S.-China “trade war, including the shape of an enforcement mechanism, the success or failure of which could set the trajectory of ties for years to come.” According to Reuters, “Both sides ...

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U.S. delays Section 301 tariff increase

Early this week, President Trump announced a delay in increasing Section 301 tariffs on the third list of Chinese products, which were scheduled to go from 10 to 25 percent on March 1. Hundreds of marine related parts and materials have been impacted by these tariffs, and NMMA welcomed this development and encouraged both sides to continue to work towards ...

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Canadian House of Commons report investigates tariff impacts

A new Canadian House of Commons International Trade Committee report finds that retaliatory tariffs are taking a toll on Canada’s economy and calls on the government to work with the U.S. on resolving the issue. The study – titled “Section 232 of the United States Trad Expansion Act: Implications of Tariffs for Canada” – includes specific mentions of the recreational ...

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Ending retaliatory tariffs with USMCA ratification

Each year the boating industry gravitates to its biggest (and sunniest) boat show in Miami to meet and discuss important issues and last week was no exception. During numerous board meetings, roundtables and other industry gatherings we worked together to tackle some of our top concerns. And, global trade and tariffs were at the top of the list in every ...

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NMMA remains deeply concerned about aluminum sheet tariff

The U.S. International Trade Commission (ITC) recently issued its final decision in the antidumping and countervailing duty investigations into common alloy aluminum sheet from China, which affirmed the Trump administration’s 96.3 percent to 176.2 percent duties on the material. Leading up to the ITC’s action, the National Marine Manufacturers Association urged the government to remove all duties on aluminum sheet ...

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NMMA offers guidance on requesting exclusion from Section 301 tariffs

NMMA is notifying members of an opportunity to request relief from the first tranche of Section 301 tariffs on $34 billion in goods imported from China. Back in July, the U.S. government began imposing a 25 percent tariff on select Chinese products – including propellers, hydro jet engines, combustion engines, fuel injection pumps, manufacturing machinery, antenna receivers, display monitors, and ...

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NMMA looks to Canada after Mexico NAFTA agreement announcement

On Monday, President Trump announced that the U.S. and Mexico reached an agreement to revise the North American Free Trade Agreement (NAFTA). Free trade between the U.S., Mexico, and Canada is a top priority for the recreational boating industry, and NMMA is encouraged by this development. In response to the breakthrough, NMMA’s President, Thom Dammrich, stated, “President Trump’s announcement on ...

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Magic Tilt Trailers talks tariffs, workforce with Congressional representative

Magic Tilt Trailers’ President and CEO, Craig Clawson, recently met with Congressman Crist in Clearwater, Fla., to discuss key issues facing the industry, particularly tariffs and worker shortages. According to Clawson, “Tariffs are pushing up our costs, forcing us to increase our prices and squeezing our margins.” After the meeting,  Crist toured the Magic Tilt plant and chatted with employees. ...

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NMMA, EBI, ICOMIA pen joint letter to President Trump on tariffs

On Tuesday, NMMA, the European Boating Industry (EBI), and the International Council of Marine Industry Association (ICOMIA) sent a joint letter to President Trump expressing their deep concern for the escalating trade dispute and the direct impact to the recreational boating industry in the European Union and the U.S. NMMA, EBI, and ICOMIA are urging all parties to quickly resolve ...

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