Skip to main content

NMMA and other industries push back against latest China tariff

Leading technology companies and the marine industry have expressed opposition to President Trump’s plans to hit China with billions of dollars in tariffs over the country’s intellectual property protection policies.

According to TheHill.com, the Information Technology Industry Council wants the Trump administration to work with a coalition of allies to pressure China into changing its trade practices instead of using tariffs as punishment.

ITI CEO and president Dean Garfield wrote a letter to Treasury Secretary Steven Mnuchin and U.S. trade representative Robert Lighthizer encouraging them and our allies to negotiate a “fair and reciprocal trade relationship,” according to the website.

It’s been reported that Trump has said he will use his authority under section 301 of the Trade Act of 1974 to impose $50 billion in tariffs on Chinese exports to punish Beijing for alleged theft of U.S. intellectual property and for forcing American businesses to hand over their technology.

In a statement today, the National Marine Manufacturers Association said it is encouraging its members to add their voice to this issue. A new 25 percent tariff on a list of more than 1,300 products imported from China includes the following recreational marine products:

  • Aluminum and steel wires, bars and rods
  • Propellers
  • Hydro jet engines and parts
  • Marine engines
  • Fuel injection pumps for marine engines
  • Machinery used for bending metal and welding
  • Antenna receivers
  • Display monitors used for fish finders and gps
  • Navigational instruments and parts

NMMA joined a coalition of industries spanning dozens of industries from manufacturing to retailers that sent a letter to Congress calling for action. Additionally, NMMA is working directly with Congressional allies to voice the marine industry’s concerns.

Related

1_RIGHWHALES

Industry Pushes Back Against Speed Restrictions

A NOAA Fisheries proposal would restrict boats 35 feet and larger to a 10-knot speed limit along the East Coast to protect right whales from vessel strikes.

4_MAGONIS

Magonis Opens Connecticut Office

The Spain-based, electric-boat builder offers an 18-footer that’s available with motors from Torqeedo and Mag Power.

01_YOUTH.FISHING

Bill Seeks to Increase Youth Fishing

The bipartisan Coastal Fishing Program Act of 2022 would ease barriers to accessing the outdoors in underserved communities.

Norm

Fall Is in Full Swing

With the autumnal equinox ushering in a new season today, the fall boat-show circuit is in high gear. Here are some recent reports and a look at what’s to come.

3_MANUFACTURER.CONFIDENCE

Manufacturer Confidence Drops

Still, U.S. builders remain largely optimistic despite ongoing constraints with the supply chain and workforce, as well as yesterday’s interest rate hike.

1_TEMO.DEFENDER

Defender Adds TEMO Electric Boat Motor

Defender Industries is the official U.S. dealer for the French company’s lightweight, portable electric motors.

2_TWIN.DISC.BELGIUM

Twin Disc Sells Belgium Facility

The transmission manufacturer is still using the facility in a leaseback transaction as it looks to reduce costs.