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North Sails Loft 57 Podcast

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:

  1. NMMA officially opposed several Section 232 steel and aluminum inclusions requests.
  2. 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.
  3. The White House announced trade agreements with Malaysia and Cambodia, and trade frameworks with Vietnam and Thailand.
  4. 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.

Read the full article here...

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