O Canada!

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A Canadian House of Commons International Trade Committee report found that retaliatory tariffs, including those levied on U.S.-built boats, have negatively impacted Canada’s economy. The report calls on the Canadian government to work with the United States on resolving the trade war.

Excerpts of the report, “Section 232 of the United States Trade Expansion Act: Implications of Tariffs for Canada,” are included in this morning’s NMMA Currents newsletter.

The report mentions hardships on the boating industry from aluminum and steel tariffs levied by the Trump Administration, and subsequent retaliation measures by the Canadian government that added a 10 percent tariff on all U.S.-built boats imported. The Canadian government now has 60 days to respond to the committee’s report.

NMMA Canada and the Provincial Marine Trade Associations helped produce the findings of the parliamentary report, with written submissions and advocacy efforts. The report specifically mentioned NMMA Canada’s brief, suggesting that the tariffs might lead or have already caused reduced boat sales in that country. The marine trade association also suggested the tariffs will eventually cause job losses at boat dealerships, and that some firms might relocate outside of Canada.

Seven marine trade associations testified that Canada’s manufacturers cannot provide its boat dealers with enough new product. Despite the added costs, many Canadian dealers are importing U.S. boats and paying the tariffs.

In the report, NMMA Canada recommended that the retaliatory tariffs on U.S. boats be dropped.


A Record Q2 for Brunswick

With strong global demand in all its business segments, Brunswick Corp. reported another stellar quarter, posting a 57 percent jump in net sales.

OneWater Adds PartsVu

The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.

Groupe Beneteau Updates Revenue Forecasts, More

The builder saw gains in its boat and luxury-home sectors and made several acquisitions, including a majority stake in Dream Yacht Group.

Golden Manufacturing Expands

The fabricator of aluminum boat lifts and aluminum and concrete floating docks adds 18,000 square feet to its Fort Myers, Fla., headquarters.

GetMyBoat Takes You to the Movies

The boat rental marketplace site teams with Disney’s Jungle Cruise for a contest to win a boat trip or movie tickets.

ConMar Adds to Sales Team

The manufacturers’ representatives add industry vet Brain Steele.

Will Canada Reopen to Boaters?

Set to open its borders to fully vaccinated U.S. residents next month, our neighbor to the north could be facing a strike by Canadian border guards and customs officials. Plus, the Great Lakes welcomes a newly designated marine sanctuary.