The National Marine Manufacturers Association (NMMA) testified Wednesday (May 16) before the U.S. Trade Representative (USTR) 301 Committee to oppose the imposition of high and compounding tariffs on U.S. marine manufacturers.
In a statement, NMMA reported that the public hearing was part of USTR’s Section 301 investigation, which was initiated under Section 301 of the Trade Act of 1974 to examine China’s unfair trade practices and continued infringement of U.S. intellectual property.
NMMA continues to closely monitor the 301 investigation, along with the list of Chinese products being targeted by USTR and is working with interested members to submit written comments to USTR by the May 22, 2018, deadline.
In April 2018, USTR announced a 25% tariff on Chinese products in response to Chinese trade policies and practices that are believed to be infringing on U.S. intellectual property.
The determination targeted more than 1,300 Chinese products equaling roughly $50 billion worth of Chinese imports, including marine components and manufacturing equipment.
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