Tag Archives: retaliatory 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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Canadian government lifts retaliatory tariffs on boats

NMMA Canada and the Canadian Marine Trades Associations were recently advised by the Government of Canada that effective April 30, 2019, all retaliatory tariffs on U.S. recreational boats entering Canada have been removed. A joint statement from NMMA Canada and NMMA said this marks the most positive development for the industry since the tariff issues first emerged. The action from ...

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Treasury Secretary Mnuchin in China trying to end trade war

Reuters reports that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will be in Beijing on Tuesday “to try to hammer out details to end” the year-long U.S.-China “trade war, including the shape of an enforcement mechanism, the success or failure of which could set the trajectory of ties for years to come.” According to Reuters, “Both sides ...

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NMMA provides industry update on trade, tariffs

The National Marine Manufacturers Association hosted a webinar last Wednesday to discuss the rapidly evolving trade situation. While some developments have been positive, the recreational boating industry is still facing significant pressure, and NMMA is calling on all stakeholders to take action. Last week, NMMA celebrated legislation introduced by Representative Seth Mouton (D-MA-6) that would help marine manufacturers targeted by retaliatory ...

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NMMA Canada submits tariff concerns regarding U.S. boats

National Marine Manufacturers Association Canada has made an official submission to the Government of Canada and Prime Minister Justin Trudeau outlining the association's specific concerns regarding retaliatory tariffs. NMMA Canada is urging the recreational boating industry to contact elected officials on this important matter.  Industry businesses can write the Prime Minister directly at the following address: The Right Hon. Justin ...

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