Tag Archives: Trade Tariffs

U.S., U.K. reach deal on Section 232 tariffs

U.S. Capitol building

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 ...

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U.S. and UK to discuss retaliatory tariffs on American boats

United States Secretary of Commerce Gina Raimondo, Trade Representative Katherine Tai and United Kingdom (UK) counterpart, Secretary of State for International Trade Anne-Marie Trevelyan, announced the parties would enter bicameral discussions to address the UK’s retaliatory tariff imposed on U.S. goods entering the UK, including American-made boats.  Following the successful negotiations last year between the European Union (EU) and U.S., ...

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EU removes retaliatory tariffs on American boats entering Europe

The United States and European Union (EU) announced a deal to remove steel and aluminum tariffs, resulting in the full removal of the 25% retaliatory tariffs imposed on American-made boats and engines entering the EU. Since the tariffs were implemented in 2018, the NMMA team has dedicated significant attention and resources to resolving this issue. The suspension of the retaliatory tariffs ...

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Targeted Section 301 Tariff exclusion process begins

U.S. recreational boat exports sharply down

Earlier this week, the U.S. Trade Representative (USTR) opened a targeted Section 301 exclusion process for products imported from China that previously received an exclusion and extension. USTR states that the web portal for submitting exclusion requests will remain open through December 1, 2021. For the past several months, the Biden administration has been reviewing and developing its policies for realigning the ...

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Senate passes legislation to reopen tariff exclusion process

Capitol Hill

On Wednesday, the U.S. Senate passed comprehensive legislation that establishes a new exclusion process for products impacted by the Section 301 tariffs on imports from China and reinstates exclusions for products that previously received an exclusion. Reinstating previous exclusions and establishing new opportunities for manufacturers to make the case for why their products should be excluded from the Section 301 ...

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U.S. and E.U. agree to halt tariff increase on American boats entering Europe

U.S. recreational boat exports sharply down

The United States and European Union announced an agreement to suspend the looming tariff increase on U.S. boats and engines making their way to the E.U., just days before the scheduled June 1 deadline. The negotiating parties have stated leadership from both sides of the Atlantic are committed to reaching an agreement that will permanently reverse the still applicable 25% ...

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NMMA calls for action to avoid EU tariff increase

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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International boating industry urges President-Elect to resolve trade issues

boating trade tariffs

NMMA, the European Boating Industry (EBI), and the International Council of Marine Industry Associations (ICOMIA) sent a letter to President-Elect Joe Biden congratulating him on his election victory and calling on him to swiftly address trade relations between Europe and the U.S. Following the Trump administration’s Section 232 tariffs on aluminum and steel imports, the E.U. responded by levying a 25% retaliatory ...

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International boating community urges trade officials to remove tariffs

boating tariffs

NMMA, the International Council of Marine Industry Associations (ICOMIA), and the European Boating Industry (EBI) sent a letter to the United States (U.S.) and European Union (EU) trade officials applauding their recent progress on trade negotiations and urging them to reach an agreement that removes the EU’s 25% tariff on U.S. manufactured boats. “Since 2018, the United States’ worldwide steel and aluminum ...

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NMMA announces an easier path to boat sales in Canada

NMMA announced it is entering a Memorandum of Understanding (MOU) with Transport Canada to ease the entry of NMMA Certified boats and yachts for sale into the Canadian marketplace. NMMA certified boat manufacturers will soon be able to provide an NMMA certificate for their certified model alongside an abbreviated Declaration of Conformity (DoC), in lieu of the more comprehensive DoC ...

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