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Tag Archives: trade

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, Congressional Democrats strike deal on new NAFTA

On Tuesday, President Donald Trump and Democrats in the U.S. House of Representatives reached an agreement to revamp the North American Free Trade Agreement (NAFTA) with Canada and Mexico – now known as the U.S.-Mexico-Canada Agreement (USMCA) – setting up a full vote in the House as early as next week. In response, NMMA said it welcomed the news, calling ...

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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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Johnson Outdoors granted exclusions from Section 301 tariffs

Johnson Outdoors Inc. announced that the company has been granted exclusions for some of its products’ components subject to Section 301 tariffs. These granted exclusions concern components currently sourced from China for products manufactured in the Company’s North American production facilities and sold worldwide. As a result of the exclusions announced today, the Company is reducing the estimated impact of ...

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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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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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