Brazil trade sanctions could affect marine industry

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Brazil recently obtained authorization from World Trade Organization to impose trade sanctions on U.S. imports, the National Marine Manufacturers Association reports.

The move, according to the NMMA, is in retaliation for the failure by the United States to comply with a WTO dispute ruling condemning U.S. government subsidies to cotton farmers.

Brazil has published a list of products that will be heavily tariffed, which includes boat and engines.

NMMA urges all members who sell products in Brazil to alert their business partners of the pending tariffs and to ask them to contact the Brazilian government to take boats and marine engines off the list.

For information, read the full alert or contact Cindy Squires at (202) 737-9766.