Be Informed!

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ASK THE EXPERTS

Join racquet sports manufacturers and retailers in efforts to stay informed and take action on impending tariff issues

Message from TIA President

 

"We are working to help inform and unite tennis manufacturers and retailers on action and business steps on the impending tariffs which will impact our economy on many levels, with the potential to discourage activity in America, when costs to equipment and sport rise."


Jeff Williams, TIA President
 

Message from CEO & President of HEAD USA

 

"As a collective group the proposed new tariffs will have a negative, and significant impact on tennis manufacturers, our retail partners, and in the end the consumer.  In our industry, which is already struggling in many ways, this additional burden will be very detrimental.  Let’s work together and petition to have these new tariffs rescinded."


Kevin Kempin, CEO & President of HEAD USA
 

Trade War Timeline

To recap, here is a timeline of the U.S.-China trade war since Trump made the first move in January 2018:

  • January 2018: Trump targets Chinese-made solar panels and washing machines with tariffs of 30 percent and 20 percent, respectively.

  • February 2018: Next on the Trump’s list—a 24 percent tariff on steel and 7.7 percent tariff on aluminum from China.

  • March 8, 2018: Trump follows through on the previously announced tariffs and even bumps them up to 25 percent for imported steel and 10 percent for imported aluminum. “Trade wars are good, and easy to win,” Trump tweets prior to the move.

  • April 2, 2018: In response to the steel and aluminum tariffs, China announces $3 billion worth of tariffs on U.S. imports, including a 15 percent duty on American products such as fruits, nuts, wine and steel pipes and a 25 percent duty on products such as recycled aluminum and pork.

  • April 3, 2018: Trump announces another $50 billion in tariffs on Chinese products, mostly on aerospace, machines and medical equipment.

  • April 4, 2018: China adds to its initial tariff plan with $50 billion more in tariffs on U.S. goods, including aircraft and automobiles, as well as soybeans and chemicals.

  • April 5, 2018: Trump threatens to add $100 billion in goods to the tariff list.

  • May 19, 2018: According to Treasury Secretary Steven Mnuchin, the trade war is “on hold.”

  • June 15, 2018: Trump directs the Office of the United States Trade Representative to explore the potential for additional tariffs on $200 billion in Chinese goods.

  • July 6, 2018: The U.S. formally imposes a 25 percent tariff on $34 billion worth of Chinese goods, in addition to tariffs on some U.S. exports to China. The U.S. also raises tariffs on exports to Canada, Mexico and the European Union.

  • August 23, 2018: The U.S. adds a 25 percent tariff on an additional $16 billion worth of Chinese goods.

  • September 17, 2018: The Trump administration announces it is moving forward with plans to impose new tariffs on $200 billion worth of Chinese imports, but the tariff is set to 10 percent rather than 25 percent.

  • December 1, 2018: President Donald Trump and Chinese President Xi Jinping agreed to a temporary trade cease-fire to allow time for more negotiations.

  • February 24, 2019: Trump delayed the March 1 deadline to increase tariffs on Chinese goods, citing “substantial progress” during a week of trade talks in Washington, DC, between U.S. and Chinese officials.

  • May 5, 2019: Trump threatens to impose higher tariffs on China in a tweet, dashing hopes that Washington and Beijing would reach a trade deal in the near term

  • May 10, 2019: The U.S. increased tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent Friday hours after trade talks held in Washington failed to produce a breakthrough. After this latest increase to 25 percent, Beijing announces a 5 percent to 25 percent increase on tariffs on $60 billion worth of U.S. goods.

  • May 14, 2019: President Trump announces a fourth list of Chinese imports now subject to the 25 percent tariff. The move has prompted companies to begin looking at ways to manage their supply chains, with many saying they’ll have no choice but to raise prices on a variety of products.

  • On May 13, 2019, USTR released a list with an import value of approximately $300 billion on which USTR is proposing to impose Section 301 additional tariffs of up to 25 percent.

Call the TIA

T: 843-686-3036

© 2019 Tennis Industry Association 

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