Final week of October begins with several trade announcements
by National Marine Manufacturers Association 28 Oct 20:28 PDT
American Flag / Scout Boats © National Marine Manufacturers Association
The government is shutdown, but U.S. trade and tariff news is not. In the past several days:
- NMMA officially opposed several Section 232 steel and aluminum inclusions requests.
- President Trump also noted on social media that he would pause U.S.-Canada trade negotiations and increase the tariff on Canada by 10% due to a campaign advertisement from Ontario Premier Doug Ford.
- The White House announced trade agreements with Malaysia and Cambodia, and trade frameworks with Vietnam and Thailand.
- President Trump is in Asia and set to meet with Chinese President Xi Jinping later this week.
For the Section 232 inclusion requests, this was the second round of requests - requestors asked the Department of Commerce to subject nearly 700 HTS Codes - including marine products - as derivatives of steel and aluminum and the 50% tariff.
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