Tag Archives: EU Tariffs

New year sees end to retaliatory tariffs on American boats entering EU

U.S. recreational boat exports sharply down

With the advent of the new year, the European Union’s (EU) 25% retaliatory tariff on American-made boats has been lifted, per the agreement reached late last year between representatives from the U.S. Department of Commerce and Office of the U.S. Trade Representative and their respective EU counterparts.  Announced in November, the agreement to remove the retaliatory tariff imposed on U.S. ...

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Biden Administration confirms tariff removal timing

In a briefing with NMMA, representatives from the U.S. Department of Commerce and Office of the U.S. Trade Representative confirmed that the European Union’s (EU) 25% retaliatory tariff on American-made boats will be lifted on January 1, 2022, provided the U.S. rolls back its Section 232 tariffs on aluminum and steel by January 1, 2022. Additionally, the officials confirmed that ...

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