Following this week’s announcement that the European Union and United States negotiated a suspension of the June 1 tariff increase on U.S.-built boats and engines, the National Marine Manufacturers Association, European Boating Industry and International Council of Marine Industry Associations issued a joint statement in support of continued negotiations.
The statement reads:
“We welcome the agreement reached by U.S. and E.U. negotiators this week to prevent the doubling of retaliatory tariffs on recreational boats made in the U.S., entering the European market. EBI, ICOMIA and NMMA are encouraged by both parties’ commitment to resolving this underlying trade issue. As negotiating parties continue discussions that will ultimately resolve the imposed tariffs on U.S. steel and aluminum — most importantly, the 25 percent tariffs on U.S.-made boats — we look forward to working with representatives on both sides of the Atlantic to achieve this objective.”
The statement added that they are committed to suspending all trade barriers for the boating industry.
Collectively, EBI, ICOMIA and NMMA represent 1 million jobs and 67,000 businesses.