Three duties have been levied against aluminium sheet imports from China which could have a negative impact on the US aluminium boatbuilding sector. A fourth tariff on other Chinese goods will also have an effect on the US boating industry, according to the NMMA.
Under section 301 of the Trade Act of 1974, President Donald Trump created a list of more than 1,300 products imported from China that will have a new 25% tariff. These products were listed because of continued intellectual property theft by China.
The marine products on the list include:
- Aluminium and steel wires, bars, rods
- 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
The NMMA is part of a coalition of industries that has sent letters to the US Congress calling for action. The US trade association said it is working with Congressional “allies” to raise the boating industry’s concerns about this new tariff and the other duties levied by the Trump administration on aluminium and steel imports.