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Boats Avoid Canada’s Retaliatory Tariffs Against U.S.

tariffs

The Canadian government announced retaliatory tariffs in response to the Trump Administration’s decision to reimpose aluminum tariffs on Canada — but this time, boats are not on the initial list.

The Canadian government will impose dollar-for-dollar retaliatory tariffs on U.S. products; however, unlike the previous aluminum and steel tariff dispute between the two countries, U.S. boats were not included on the initial list of products that will be subject to the countermeasures, according to the National Marine Manufacturers Association.

While NMMA and NMMA Canada opposed the new tariffs on Canadian aluminum, the trade groups applauded Canadian Prime Minister Justin Trudeau for exempting U.S. boat imports from the retaliatory tariffs.

Both groups had worked closely together to influence the Canadian government not to include boats on the list, sending a letter to President Donald Trump and Prime Minster Trudeau warning about the harm new tariffs will cause.

The letter to Prime Minister Trudeau received a direct response.

“In the end, the Canadian government removed U.S. boats from the counter-tariffs list because of the severe damage it was doing to the industry and economy,” the NMMA said in its newsletter, Currents. “However, several side effects from these actions continue to linger and a relapse to these failed policies will only create more economic hardship and uncertainly on both sides of the border.”

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