The Canadian government issued a list of U.S. imports on Wednesday that were subject to “remission of countermeasures,” potentially signaling some relief from retaliatory tariffs on certain U.S. goods, but the 10 percent tariff on U.S. boats sold in the country remains in place.
The announcement initially created confusion because it was interpreted as having lifted the tariffs on boats, while potentially providing dealers who had already paid the 10 percent tariff with a refund.
The National Marine Manufacturers Association, which sent out a breaking news blast announcing the tariff’s removal Wednesday night, issued a correction this morning explaining the misunderstanding.
“Over the past few hours, we received new information from our legal counsel and the Canadian government that contradicts initial reports,” said a joint statement from NMMA president Thom Dammrich and NMMA Canada president Sara Anghel.
“To be clear, Canada’s 10 percent retaliatory tariff on U.S. boats is still in effect,” Dammrich and Anghel said. “We deeply apologize for any and all confusion this created, and are greatly disappointed that the initial news we shared was not correct.”
Canada, Mexico and the EU announced a 10 percent and 25 percent retaliatory tariff, respectively, on several U.S. goods, including boats, in June, after the Trump administration imposed a 10 percent duty on aluminum from American’s closest allies and a 25 percent levy on steel. (China added boats to the list of products it would impose retaliatory tariffs on in August.)
The industry is among those that have remained in the trade war’s crosshairs, seeing the cost of some materials rise between 30 and 40 percent, and essentially freezing exports to the EU.
“We are continuing to work with the Canadian and U.S. governments to resolve the tariff issue and will not back down until we bring you a victory,” the clarification said.