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Tag Archives: trade

Exclusion process for List 3 Section 301 tariffs begin Sunday

On Monday, the U.S. Trade Representative (USTR) released instructions regarding the exclusion process for Chinese products on List 3 ($200 billion) of the Section 301 tariffs. USTR states that the web portal for submitting exclusion requests will open on Sunday, June 30, 2019, at 12:00 p.m. ET and close on Monday, Sep. 30, 2019. The Federal Register notice released by USTR provides detailed instructions for ...

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Correct Craft CEO discusses global trade with Vice President Pence, elected officials

Correct Craft President and CEO, Bill Yeargin, met U.S. Vice President Mike Pence, U.S. Senator Rick Scott, and several Congressmen in Jacksonville, Florida, to discuss global trade. Yeargin was the only non-elected official invited to serve on a panel that discussed the U.S., Mexico, Canada Trade Agreement (USMCA). Vice President Pence used the event as an opportunity to share the ...

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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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ICOMIA publishes guidance note on Brexit

To address frequent questions surrounding Brexit, the International Council of Marine Industry Associations (ICOMIA) has published Edition 1 of ICOMIA Guidance on Brexit following the recent rejection of the withdrawal agreement by the UK Parliament. The Guidance Note highlights various exit scenarios which may affect manufacturers either located: In the UK exporting product to Europe European manufacturers exporting product to the UK ...

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NMMA releases results from industry policy survey

This morning, NMMA released the results from its first boating industry policy survey, serving as a critical component of the association’s strategic plan to solicit industry engagement. More than 1,500 responded to the survey – exceeding the association’s projections – which will play an important role in shaping NMMA’s policy priorities in the coming year. According to the survey results, ...

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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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