NMMA: Trade war puts American jobs at risk - Trade Only Today

NMMA: Trade war puts American jobs at risk

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President Trump on Tuesday announced additional Section 301 tariffs on $200 billion worth of Chinese goods, including marine parts, boats and trailer tires.

These are in addition to the nearly 300 marine products subject to tariffs that went into effect July 6.

Many agree that the United States should crack down on China for stealing intellectual property, said National Marine Manufacturers Association president Thom Dammrich.

“But the administration’s decision to expand their Section 301 list of Chinese products receiving tariffs — including additional marine products — misses the mark of the intended objective,” Dammrich said in a statement. “This action only moves our countries further away from resolving a rapidly escalating trade war."

“Tariffs will not stop China from stealing our intellectual property,” he added. “The administration should bring China to the table to negotiate a fair and free bilateral trade agreement. American jobs and businesses are at risk if we remain on this path.”

Senate Finance Committee chairman Orrin Hatch called the additional tariffs “reckless.”

“Although I have supported the administration’s targeted efforts to combat China’s technology transfer regime, [the] announcement [of additional tariffs] appears reckless and is not a targeted approach,” Hatch told The Wall Street Journal.

The expanded list of products facing Section 301 tariffs is available here (starting on Page 11).

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