ASA introduces toolkit guide to Chinese import tariffs
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The American Sportfishing Association (ASA) has made a toolkit available to its members following the release of a proposed list of fishing tackle products that may be subject to increased import taxes..
The Tariff Toolkit is available on the association’s website and provides information including an overview of the proposed new tariffs, guidance for commenting to the United States Trade Representative (USTR), how to contact members of Congress and the USTR announcement on proposed new tariffs and list of the impacted products.
“While the sport fishing industry supports realigning our trade relationship with China, it’s important to highlight that 60% of fishing equipment in the U.S. is imported, with two-thirds of these imports coming from China,” says the ASA.
“This new round of proposed tariffs, on top of the 10% excise tax on sport fishing equipment and the earlier round of tariffs imposed on some recreational fishing products, could also impact conservation funding and anglers. That’s why we are working to keep you informed and letting you know how to get involved.”
The office of the USTR released the proposed list of imported Chinese products subject to tariffs of up to 25% on May 13.
The tariff increase could be implemented any time after June 24 in any amount up to 25%, on top of the regular rate of duty, a move that would be difficult for the industry to withstand.