Tag Archives: Section 232 tariffs

The United States Department of Commerce announced the U.S. and United Kingdom (U.K.) reached a deal to ease steel and aluminum tariffs, allowing U.K. steel and aluminum products to enter the U.S. without application of Section 232 tariffs. Retaliatory tariffs on over $500 million worth of U.S. exports to the U.K on goods, including American-made recreational boats, will be lifted. Since ...

On Friday, Canada, Mexico, and the U.S. reached an agreement on Section 232 aluminum and steel tariffs and subsequent retaliation. The agreement clears the deck for ratification of the United States-Mexico-Canada agreement (USMCA) and marks the end of all North American retaliatory tariffs on boats. In response, NMMA president, Thom Dammrich stated, “The agreement between the U.S., Canada, and Mexico ...

Last week, the Government of Canada removed all retaliatory tariffs on U.S. recreational boats entering Canada, immediately ending a levy that hurt boat businesses on both sides of the border. NMMA and NMMA Canada heralded the news, calling the action a momentous step in the right direction for the North American marine industry, which has been particularly suppressed by tariffs ...

U.S. Senator Chuck Grassley (R-IA) – chairman of the powerful Senate Finance Committee, which has jurisdiction over trade-related matters – penned an opinion piece in The Wall Street Journal, stating that Section 232 aluminum and steel tariffs targeting Canada and Mexico – and both countries’ subsequent retaliatory measures – must be removed before Congress will ratify the U.S.-Mexico-Canada Agreement (USMCA). ...

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 ...

The European Commission has formally approved 25 percent tariffs on a range of American products, including boats, in response to the Trump Administration’s Section 232 tariffs on all aluminum and steel imports. After today (Thursday, June 21),  a 25 percent tariff will be applied to every boat destined for the EU. The global trade war has intensified in the past ...

The global trade war has intensified in the past two weeks, and the recreational boating industry has been placed in the crosshairs. The National Marine Manufacturers Association continues to pressure the Trump Administration to resolve this conflict and is working with Congress on legislative solutions while keeping members updated and media informed of the association’s message. NMMA needs the industry’s ...