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Showing posts with the label Potential Tariff-Adjustments

No reciprocal tariff on mined products: AGTA

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  Represent concern with policymakers on the import issue   Recently, American Gem Trade Association [AGTA] said, as noted in our recent communication regarding President Trump’s September 5th Executive Order, AGTA President Bruce Bridges and CEO John W. Ford Sr. travelled to Washington, D.C. for the entirety of the week of September 15th to engage directly with policymakers on the import tariff issue. During the visit, we held meetings with Cabinet agencies, U.S. Senators, and House members.    As a reminder, the Executive Order provides for the possibility of a zero reciprocal tariff rate on products that “cannot be grown, mined, or naturally produced in the United States.” Importantly, Annex III of the Order—the section that establishes Potential Tariff Adjustments for Aligned Partners (PTAAP)—specifically includes our gemstones within designated tariff lines. Bruce Bridges, President-AGTA said, our delegation conducted in-depth meetings with the Assistant...