Taxes, Tariffs & Trade

Through its comments submitted to and testimony before the U.S. Trade Representative (USTR), NAFEM helped secure 41 product exclusions from the final List 1 and List 2 of the Section 301 25-percent tariffs on items imported from China. Items excluded from the tariffs include air purifiers powered by compressed air; hand-cleaning/sanitizing dispensers; control boards for stoves, ranges and ovens; some thermometers; some iron and steel parts; and a variety of other items. Additionally, NAFEM secured the removal of multiple component and finished goods from List 3.

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According to media reports, President Trump is now expected to send the United States – Mexico – Canada Agreement (USMCA) to Congress after Sept. 1, giving working groups of democrats in the House of Representative more time to address their concerns with U.S. Trade Representative Robert Lighthizer.

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On June 3, Mexico eliminated exceptions to its Normas Oficiales Mexicanas (NOMs), or official standards.

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Following the June G-20 summit in Osaka, Japan, President Trump put on hold List 4 of the Section 301 tariffs on $300 billion in Chinese imports to give the two countries more time to discuss a comprehensive trade deal. In return, China agreed to purchase more U.S. farm products, including soybeans. The current Section 301 List 1, 2 and 3 tariffs on $225 of Chinese imports remain in effect.

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NAFEM members Larry Molinari, chairman, Perlick Corp., Milwaukee, Wis., and Kevin O’Boyle, director of marketing, InterMetro Industries Corp., Wilkes-Barre, Penn., along with Charlie Souhrada, CFSP, NAFEM’s VP of regulatory and technical affairs, met with elected officials on Capitol Hill to shed light on trade challenges and discuss the USMCA and its importance to the industry.

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Although the U.S. has removed Section 232 tariffs on steel and aluminum imported from Canada and Mexico, tariffs continue for numerous countries. Twenty-five percent tariffs on steel currently impact all countries except Argentina, Australia, Brazil, Canada, Mexico and South Korea. Ten percent tariffs on aluminum currently impact all countries except Argentina, Australia, Canada and Mexico.

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Issue Overview While the Section 232 tariffs on steel and aluminum imported from Canada and Mexico were removed in May, they continue for numerous countries. Twenty-five percent tariffs on steel currently impact all countries except Argentina, Australia, Brazil, Canada, Mexico and South Korea. Ten percent tariffs on aluminum currently impact all countries except Argentina, Australia, […]

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Help elected officials understand the trade challenges you face and why the USMCA is important to your business.

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While the Section 232 tariffs on steel and aluminum imported from Canada and Mexico were removed in May, they continue for numerous countries. Twenty-five percent tariffs on steel currently impact all countries except Argentina, Australia, Brazil, Canada, Mexico and South Korea. Ten percent tariffs on aluminum currently impact all countries except Argentina, Australia, Canada and Mexico.

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