Taxes, Tariffs & Trade

Taxes, Tariffs & Trade Issues

The U.S. Trade Representative (USTR) is implementing an additional 25 percent tariff on a long list of products imported from China, including many finished goods, components and parts used by NAFEM members.

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As part of its Section 301 investigation into Chinese intellectual property and technology transfer issues, the U.S. Trade Representative (USTR) released one list of products (list 1) on which 25 percent tariffs will be immediately imposed, beginning July 6.

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Senators Bob Corker (R-TN) and Heidi Heitkamp (D-ND) introduced legislation that would require the president to obtain congressional approval before imposing tariffs in the name of national security.

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President Trump’s recent announcement and official order to implement a 25 percent tariff on steel and a 10 percent tariff on aluminum imports could have large implications on U.S. manufacturers. Read NAFEM’s position and what these tariffs mean to foodservice E&S industry here.

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In last month’s Advocacy Update, we introduced the Coalition of America Metal Manufacturers and Users (CAMMU), a group NAFEM and other organizations have joined to oppose the recently enacted tariffs on steel and aluminum imports. An important aspect of CAMMU’s success is being able to personalize and monetize the impact of the tariffs on U.S. businesses.

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The Office of the U.S. Trade Representative (USTR) has announced a process to obtain product exclusions from the additional tariffs in effect on certain products imported from China under the U.S. response to China’s unfair trade practices related to the forced transfer of U.S. technology and intellectual property.

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If you’re a NAFEM member, log in to your account and visit the “Important links and documents” tab of your member portal. There you’ll find information on providing input on recent issues, as well as a member advocacy toolkit. Contact Charlie Souhrada, CFSP, vice president, regulatory & technical affairs, +1.312.821.0212 at csouhrada@nafem.org for outside inquiries related to advocacy efforts or use the Contact us form linked below.

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