The International Council of Marine Industry Associations and the European Boating Industry have joined NMMA in calling for a constructive solution to the current trade escalation between the United States and the European Union.
In a joint statement shared with the Administration as well as numerous marine and political leaders and groups across the globe, the three organizations note, "At the risk of repeating the vast majority of economic experts: there is no winner in a trade war. We are concerned that the recreational boating industry is being caught in the middle of a political battle, with extremely serious consequences for the sector on both sides of the Atlantic.”
The statement continued with the following: “President Trump’s recent announcement to impose a worldwide import tariff on aluminum (10 percent) and steel (25 percent) has faced criticism abroad, including a proposal by the European Union to put a range of U.S. products, including recreational vessels, on a retaliatory tariff list.”
Please contact NMMA's Vice President of Federal and Legal Affairs Nicole Vasilaros, at email@example.com, with questions.