HILTON HEAD ISLAND, S.C. (May 30, 2019) —The Tennis Industry Association has retained an international trade, customs and export law firm to help tennis industry manufacturers with efforts to have proposed new tariff increases excluded on tennis equipment.
The latest escalation of the trade war with China has the potential to severely impact the tennis industry, following the U.S. Trade Representative (USTR) May 13 release of a new list of additional tariffs of up to 25 percent on an import value of approximately $300 billion. The firm of Sandler, Travis & Rosenburg (ST&R) is assisting the TIA in challenging these new tariffs and will appear at a USTR public hearing in Washington, D.C., in mid-June.
The new “Proposed List 4” containing 3,805 full and partial subheadings covers essentially all products not already subject to Section 301 additional tariffs. The tariff hike could be implemented any time after June 24 in any amount up to 25 percent, on top of the regular rate of duty.
The TIA has set up the website tariffalert.org to provide information, advice from experts and additional resources on how to stay informed and action that can be taken, including how to get in touch with government officials and representatives. The TIA is sending a statement to Washington, D.C., on behalf of the tennis industry and working with ST&R attorney Lenny Feldman on the upcoming hearing on Capitol Hill.
For more information, visit tariffalert.org or contact the TIA at 843-686-3036 or ST&R representative Lenny Feldman at [email protected].
READ MORE AT https://www.tennisindustry.org/cms/index.cfm/news/tia-retains-law-firm-to-help-industry-navigate-tariff-threat/
The Sports & Fitness Industry Association issued a statement Tuesday afternoon after President Trump announced a plan to impose up to 25 percent tariffs on an additional $300 billion worth of Chinese-made goods. This action will impact nearly all athletic footwear, apparel, and sports and fitness equipment imported into the U.S. from China.
“This is something we have feared,” said SFIA President & CEO, Tom Cove. “While there have been threats around these tariffs for many years, this action is the farthest-reaching and most damaging trade policy our industry and our customers have ever faced. We still hope the Chinese and American governments can come to an agreement before the tariffs go into effect, as these new tariffs will be potentially-destructive to many industry companies who cannot move manufacturing processes out of China in such a short period of time.”
SFIA said it will work with companies to navigate the process to exempt products from these new tariffs. Comments will be accepted up until June 10 and public hearings on the tariffs will be held on June 17, with tariffs potentially going into effect as early as June 24. SFIA will be sharing additional information on the exemption process as it becomes available. For information on SFIA’s exemption effort, please contact Chandler Hoffman, at [email protected]
READ MORE AT https://www.tennisindustry.org/cms/index.cfm/news/sfia-unprecedented-tariffs-threaten-sports-fitness-industry/
ATP and Dunlop announced a new, five-year partnership that will see Dunlop
become the Official Ball of the ATP Tour and the Nitto ATP Finals beginning in 2019.
READ MORE AT http://www.tennisindustry.org/cms/index.cfm/news/atp-dunlop-announce-global-partnership/
Cliff Drysdale Management, the tennis management company, has partnered with the John Newcombe Tennis Ranch to offer a new elite tennis management training program, Professional Tennis U (PTU). Beginning in 2019, chosen candidates will be selected for an immersive experience in tennis programming, marketing and media, human resources, finance and much more.
READ MORE AT http://www.tennisindustry.org/cms/index.cfm/news/cliff-drysdale-management-launches-professional-tennis-u/
Tennis Media Management, a digital marketing agency focused on the tennis industry, has joined the Tennis Industry Association (TIA) as a new Supporting Partner.
READ MORE AT http://www.tennisindustry.org/cms/index.cfm/news/tennis-media-management-joins-tia-as-a-supporting-partner/
Do you have an innovative product or service for the tennis industry? Apply now for the fourth edition of the Tennis Industry Innovation Challenge, which will take place on Jan. 24, during the Racquet & Paddle Sports Conference in Orlando, Fla.
READ MORE AT http://www.tennisindustry.org/cms/index.cfm/news/apply-for-fourth-e28098tennis-industry-innovation-challengee28099/