Recreational fishing equipment is already subject to a unique 10% excise tax
Alexandria, VA – The American Sportfishing Association’s (ASA) President, Glenn Hughes, along with many ASA members, made the case before the office of the United States Trade Representative (USTR) that sportfishing equipment should be excluded from the next round of proposed tariffs on Chinese imports.
“We understand the position of the president regarding current trade relations with China and we support realigning the trade agreements to correct the unfair trade practices,” said Hughes. “However, we are deeply concerned about the impacts of these proposed tariffs on all the manufacturers who are already paying a unique excise tax of up to 10% to support sportfish restoration.”
On May 13, 2019, the administration proposed a list of approximately $300 billion in Chinese imports subject to Section 301 tariffs of up to 25%. This list of imports includes fishing equipment manufactured or sold by ASA’s members including fishing rods, hooks, reels, lines and many other necessary fishing equipment.
Today’s hearing before the USTR was an opportunity for the recreational sportfishing industry to make their case before the nation’s trade representatives that fishing equipment should be exempt from this new round of tariffs.
ASA members, including representatives from O. Mustad & Son, TackleDirect, Pure Fishing, ZEBCO Brands, Catch Co. and Big Rock Sports, provided testimony on the disproportionate economic harm these proposed tariffs could have on their bottom lines when this industry is already paying a unique 10% excise tax. Read more