NMMA says Trump tariffs bad for boating industry

June 19th, 2018 / By: / Industry News, News

The Trump administration’s recently announced Section 301 tariffs of 25 percent on approximately $50 billion worth of select Chinese products include nearly 300 marine-related parts. National Marine Manufacturers Association (NMMA) President, Thom Dammrich, is calling on the administration to withdraw the tariffs. “The U.S. recreational boating industry—a $39 billion industry that supports 650,000 American jobs—experienced another setback due to the Trump administration’s actions on trade. [The] announcement on 301 tariffs once again puts our proud, uniquely American-made industry at the mercy of bad trade policies that are piling up on top of each other. Collectively, these tariffs are causing the price of raw materials and marine parts to rise rapidly and stifling U.S. boat exports.” The NMMA is calling on marine industry supporters to sign a petition asking the administration to withdraw the tariffs. For more information, visit www.nmma.org.

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