One step forward: Cancelled tariffs from Canada and Mexico welcomed by industry

Publish date:

The National Marine Manufacturers Association said it “applauded” the agreement reached last Friday between the U.S., Canada and Mexico. The agreement lifts the Section 232 aluminum and steel tariffs implemented by the U.S., while also canceling the counter-tariffs applied by Mexico and Canada. The Canadian tariffs, in particular, hurt U.S. boatbuilders that export new boats into that country.

"The agreement between the U.S., Canada, and Mexico on aluminum and steel tariffs – which also removed Mexico’s retaliatory tariffs on U.S. boats – is a significant step towards reaching a verifiable trade deal that benefits all Americans,” said Thom Dammrich, NMMA president, in today’s Currents e-newsletter. “We thank Mexican, Canadian, and American officials for their good-faith negotiations and tireless efforts that resulted in this much-needed resolution. Moving forward, we call on all three countries to address remaining trade issues – most importantly, ratifying USMCA to bolster the long-term success of our industry and respective economies.”

Dammrich noted that the 25 percent retaliatory tariffs from the European Union (EU), the U.S. boating industry's second largest export market, has had a “particularly devastating impact” on American boat builders. “In the wake of this agreement and President Trump’s decision to delay tariffs on cars and related parts, we urge the administration to swiftly finalize negations with EU that removes all tariffs on American marine manufacturers, so that companies in our industry can continue to prosper,” he said. 


Tommy’s Slalom Shop Adds Dealer

Boulder Boats has locations in Nevada, Arizona and California.

Trade Only Today Returns Tuesday

The daily e-newsletter will not publish Monday, Jan. 18, in observance of Martin Luther King Day.

Mercury and Crownline Make Supply Pact

Under the agreement, Mercury will be the exclusive outboard and sterndrive supplier for the boatbuilder.

Sea Tow Makes Executive Appointment

Thomas Spina, who has more than 25 years of maritime experience in a variety of roles, was named vice president of franchise operations.

Quick Hits: January 15, 2021

IBEX seeks proposals for session topics; Sensible Yacht Cordage changes hands

Godfrey Marine to Host Virtual Showcase

The event is to take place Jan. 23 and will include Godfrey pontoons and Hurricane deckboats.

Boat Shows Throttling Up

2021 is bringing a new paradigm to the winter boat show season.

Correct Craft Plans Expansions

The moves will allow additional growth for Nautique, Supreme, Ingenity and Watershed Innovation.