Tag Archives: Tariffs and trade war

The U.S. marine industry is facing a 1-2-3 punch from worldwide tariffs on steel and aluminum, anti-dumping and countervailing duties on Chinese aluminum sheets and Section 301 tariffs on nearly 350 marine products. That was the main takeaway at the Trade State of Play: Tariffs, Negotiations & Off-Ramps breakout session at last week’s American Boating Congress. “The administration’s stance on ...

U.S. Senator Bill Nelson and staff from U.S. Senator Marco Rubio’s office visited Correct Craft separately today, toured the Nautique boat plant, and learned about issues impacting the marine industry. Correct Craft’s President and CEO Bill Yeargin and Nelson discussed how the new tariffs and trade war are impacting the marine industry. Yeargin shared with Senator Nelson how proud the ...

The decision by the Trump Administration to implement 25 percent tariffs on steel and 10 percent tariffs on aluminum from Canada, the European Union and Mexico, has already ignited a trade war with both the EU, Mexico, and Canada. All three regions are top export markets for the U.S. recreational boating industry. Canada’s Department of Finance announced that in response ...