Ahead of a hearing in the U.S. House of Representatives regarding the Biden administration’s trade agenda, NMMA urged the White House, United States Trade Representative Ambassador Katherine Tai, and Commerce Secretary Gina Raimondo to strike an agreement with the European Union that prevents the trade bloc’s 25% tariff on U.S. boats and engines from doubling to 50% on June 1, ...
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The recent bilateral meeting between President Joe Biden and Prime Minister Justin Trudeau signaled an opportunity for the U.S. and Canada to make headway on joint policy priorities, including those that benefit the North American recreational boating industry. The joint Roadmap for a Renewed U.S.-Canada Partnership issued following the historic meeting gives a glimpse into the shared priorities of the two countries. ...
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The Biden administration and European Union (EU) agreed to a four month pause on tariffs related to the World Trade Organization (WTO) Aircraft disputes. The suspension will cover all tariffs both on aircraft as well as on non-aircraft products; however, it does not address the U.S. Section 232 tariffs on steel and aluminum or the 25% retaliatory tariff on American boat exports ...
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With the US-Mexico-Canada Agreement (USMCA) entering into force on Wednesday, July 1, 2020, NMMA is reminding members to review changes that pertain to the recreational boating industry. Members are also encouraged to read NMMA’s fact sheet on USMCA for a refresh of the main components of the agreement. Under USMCA, there are no changes to the rules of origin for ...
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