The U.S. Trade Representative (USTR) has processed additional requests for exclusions from the 25% tariffs imposed on Lists 1 and 2 imports from China.
President Trump directed the U.S. Department of Commerce to investigate whether imported cars and auto parts pose a national security threat justifying tariffs of up to 25%.
WASHINGTON, D.C. (May 23, 2017) – More than 115 representatives from the Specialty Equipment Market Association (SEMA) gathered in the nation’s capital to participate in SEMA’s 2017 Washington Rally on Wednesday, May 17. Racing business owners and industry leaders took to the halls of Congress to remind lawmakers of the cultural and economic importance of motorsports and the automotive specialty-equipment industry.
Legislation to increase the age requirement of antique, rare or special-interest motor vehicles from 20 years old or older to 30 years old or older was introduced.
DIAMOND BAR, CA (October 29, 2016) - The Specialty Equipment Market Association (SEMA) and its Automotive Restoration Market Organization (ARMO) and Hot Rod Industry Alliance (HRIA) Councils announced that the next "Collector Car Appreciation Day" will be celebrated on July 14, 2017. The date marks the eighth consecutive commemoration in what has become an annual event to raise awareness of the vital role automotive restoration and collection plays in American society.
In Washington, D.C., and state capitols across the country, it’s all about who you know. Strength is often measured by the size of your Rolodex, especially when seeking to advocate on behalf of the American automotive specialty-equipment industry. Through a variety of programs initiated over the years, the industry has connected with some of the most important contacts: politicians.
It’s a new era for the kit car industry. President Obama signed into law legislation that will permit low volume car manufacturers to produce turn-key replica vehicles for customers nationwide. The SEMA-supported provision is part of a larger highway construction bill. Rep. Markwayne Mullin (R-OK) and Rep. Gene Green (D-TX) introduced the “Low Volume Motor Vehicle Manufacturers Act of 2015” in June, legislation that SEMA has pursued since 2011. It received strong bi-partisan support and was inserted into the highway bill.
A federal judge has approved a $5.7 billion settlement between Visa/MasterCard and U.S. merchants over fees charged each time a customer swipes a credit or debit card. The ruling follows years of litigation over allegations that the fees were improperly fixed.