Trump Administration and China reach initial deal on tariffs
by National Marine Manufacturers Association 16 Dec 2019 17:09 PST
Trump Administration and China reach initial deal on tariffs © National Marine Manufacturers Associatio
Last week, the Trump administration and China reached a partial deal - known as the Phase One Trade Agreement - to deescalate the ongoing trade war. While some details of the agreement have yet to be released - including the timeline for implementation - NMMA welcomed the news and urged both parties to keep negotiating until all tariffs are removed.
"We are grateful that the U.S. and China reached an initial deal to deescalate the trade war, which cancels a range of tariffs on marine products that were scheduled to take effect over the weekend and slashes in half existing tariffs on certain fishing gear and tackle, inflatables, and water sport equipment," said NMMA senior vice president of government and legal affairs, Nicole Vasilaros.
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