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Yesterday, President Donald Trump announced additional plans to impose new tariff rates on imports from Brazil and semi-finished and derivative copper products. The President also suspended the de minimis exemption for commercial shipments.

The executive order outlines a new 50% tariff rate on imports from Brazil, with enforcement beginning to take place on August 6.  Notably, there is an “on-water” exemption for products in transit before August 6. The executive order also outlines an escalation clause that the President will increase the tariff rate should Brazil issue retaliatory tariffs on American-made products.

The announcement on copper comes as a result of a Section 232 investigation into imports, which commenced earlier this year.  NMMA submitted comments in April, highlighting how copper plays an essential role in the manufacturing of several key recreational marine parts, products, and components, such as electrical wiring, navigation equipment, propellers, propulsion systems, fittings, appliances, and several other uses.

Beginning on August 29, the executive order removing duty-free de minimis treatment for low-value shipments will take effect. This means that goods – valued at or below $800 – shipped into the U.S. will now be subject to all applicable duties. The President cited tariff evasion and synthetic opioids as the reason for closing the de minimis.

NMMA will continue working with the administration, Congress, and industry partners to ensure U.S. trade policy is targeted, balanced, and aligned with the needs of American manufacturers.