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Tag Archives: trade war

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 recaps Section 301 tariff developments

There have been several changes on the Section 301 tariffs front since August 1. While the  National Marine Manufacturers Association continues to caution against further escalating the trade conflict, some recent actions are encouraging. On Tuesday, the Trump administration announced their final list of $16 billion in Chinese products that will face a 25 percent tariff starting August 23. The ...

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Correct Craft hosts industry roundtable on tax reform

Correct Craft recently hosted a roundtable of boating industry leaders who met with U.S. Rep. Vern Buchanan (R-Fla.) on issues related to tax reform and global trade. Buchanan, an influential member of the House Committee on Ways and Means and chairman of its Tax Policy Subcommittee, has been asked by House Speaker Paul Ryan to survey business leaders to recommend ...

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TPP – Thank you President Trump for reconsidering

Global trade has been in the headlines recently and many are concerned about the impact of a trade war. The U.S. and China have both been using threatening rhetoric that has some people worried. Because of these developments, President Trump has recently asked his team to reconsider the administration’s position on the Trans-Pacific Partnership (TPP). TPP was a hot campaign ...

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NMMA trade war concerns shared internationally

The International Council of Marine Industry Associations and the European Boating Industry have joined NMMA in calling for a constructive solution to the current trade escalation between the United States and the European Union. In a joint statement shared with the Administration as well as numerous marine and political leaders and groups across the globe, the three organizations note, "At ...

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