President Trump’s pro-business stance is encouraging to manufacturers who believe it will lower taxes and ease regulatory burdens, but his desire to dissolve some trade agreements and his talk of a 45 percent tariff on goods from China and a 35 percent tariff on Mexican imports make the manufacturing sector worried.
Regulations and Compliance
Many federal and state government regulations affect the marine industry. Trade Only follows developments as companies strive to operate in compliance with the rules.
The Marine Recreation Association is urging California boaters to oppose a bill that would eliminate interest deductions on second homes, which also includes vessels that qualify as second homes.
A little more than a week before it was scheduled to take effect, a federal judge Tuesday blocked an Obama administration rule that would have extended overtime eligibility to 4 million Americans.
In one of its first acts upon returning to Washington, the U.S. House of Representatives unanimously passed the Outdoor REC Act, a bill that moves to count the outdoor recreation economy as part of the U.S. gross domestic product.
A long-awaited policy review on fisheries allocation released by federal management overseers has a coalition of recreational fishing advocates demanding Congress change laws.
Sea Tow issued safety tips for the Fourth of July weekend, when many boaters take to waterways to enjoy fireworks shows.
At the funeral last October for 7-year-old Sophia Baechler, who died of carbon monoxide poisoning aboard the family’s boat, the girl’s parents asked Minnesota state Sen. Melisa Franzen to do something to prevent similar tragedies in the future.
Minnesota Gov. Mark Dayton signed a bill into law that will require carbon monoxide detection systems on certain recreational boats.
Starting in model-year 2018, boatbuilders with installed gasoline fuel tanks that sell or offer to sell their boats in California will need to meet stringent new evaporative emission regulations, the National Marine Manufacturers Association said today.
Financial analysts continued to dice up the Federal Reserve’s 0.25 percent rate hike, wondering how or whether it will have negative or positive effects on the still fragile U.S. and world economy — and some are suggesting that American manufacturers could be most hurt by the increase.