Tag Archives: trade

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 ...

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 ...

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 ...

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 ...

On Monday, the U.S. Court of International Trade ruled that President Trump has the authority to impose tariffs on imports of steel and aluminum tariffs for national security reasons. NMMA was not a party to the case, but the association has urged the government to withdraw its steel and aluminum tariffs, which have caused the price of raw materials to ...

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 ...

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 ...

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 ...

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 ...

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, ...