Department of Commerce expected to announce countervailing duty on April 17
In a memo on Monday, April 9, from the Department of Commerce, NMMA learned that the countervailing duty investigation of common alloy aluminum sheet from China will be signed on April 16, and announced on April 17. The countervailing duty is just one portion of the expected tariffs on aluminum sheet from the Department of Commerce. The other is the anti-dumping tariff. Combined, NMMA anticipates these to total more than 60% in tariffs on aluminum alloy sheet from China. Separately, and in addition to these two tariffs, is the 10% tariff from the Administration on all aluminum from overseas. More information on the tariffs can be found HERE.
NMMA is continuing its aggressive outreach regarding these aluminum tariffs on Capitol Hill to educate Congress and the Adminstration on the impact on the recreational boating industry. Upon learning of the announcement on the 17th, NMMA will alert members to next steps.
For more information, please contact NMMA’s Vice President of Federal and Legal Affairs, Nicole Vasilaros at [email protected]