New round of tariffs targets boating equipment

Author:
Publish date:

A new round of tariffs on $300 billion worth of Chinese products imported into the US went into effect on September 1. The Trump Administration said it planned to put a 10 percent duty on the imports, but President Trump tweeted later that he plans to raise the rate to 15 percent.

Nicole Vasilaros, senior vice president of government affairs for the National Marine Manufacturers Association, told Marketplace.org that the new duties will impact everything from PFDs to fishing equipment. “So your rods, your reels, your lures,” Vasilaros told the radio program. “All the stuff that you need to get out on a boat and go fishing and enjoy a fun and safe day on the water.”

Vasilaros said that the boating and fishing communities are already paying an excise tax that goes towards conservation. The new tariff will effectively be a second tax on the equipment. She said manufacturers will have to choose whether to pass additional costs onto consumers or absorb them.

“You don’t want to price people out of the market and discourage them completely from partaking in the activity,” she said. “Those are some real decisions to have to be made.” 

Related

ABYC Foundation Seeks Nominations for Educator Award

The award recognizes “an outstanding instructor who is shaping future marine service technicians.”

P.R. Firm Rushton Gregory Signs ePropulsion

The Chinese manufacturer of electric propulsion products introduced a standardized lineup earlier this year.

Dometic Updates Pro-Trim System

The new design allows boaters to trim the outboard and adjust the jack plate without removing their hands from the wheel.

Brunswick Partners with Carnegie Robotics

Through the alliance, Brunswick aims to enhance its autonomous technology offerings.

Nicole Vasilaros to Depart NMMA

The group credits the senior vice president of government and legal affairs for “countless contributions to the protection and expansion of the recreational boating industry.”

Site Unseen

A website is often the first interaction a customer will have with a dealership, but it must provide more than an online brochure or they will click elsewhere.

C.G. Amends Documentation Rules

Federally documenting a boat now must be done every five years, rather than annually.

The 2021 Top 10 Most Innovative Marine Companies Awards

The marine industry consistently honors products and people. The industry, however, has not recognized forward-thinking companies that are moving the industry in new directions. Soundings Trade Only’s mission is to reflect, inform and inspire.