Tariffs/Trade

The trade wars continue to take a toll on U.S. builders.

The USMCA and a “Phase One” tariff agreement with China are a good start, the trade association said, but much more needs to be done.

Yesterday’s U.S.-China trade agreement eases tariff rates on some imported marine products, but tariffs on more than 400 boating products will not change.

The Wall Street Journal reports that Beijing will lower import tariffs on frozen pork, pharmaceuticals and some high-tech components starting Jan. 1.

The agreement cancels tariffs on some products and reduces others by half.

The new agreement could help many U.S. marine businesses that import products and source parts from China.

Senate republicans say they won’t pass trade deal during impeachment trial.

Pete Hoekstra, a former Congressman whose district included S2 Yachts and Four Winns, learns about the economic hardships the EU tariffs have caused to some U.S. boat builders.

The American Sportfishing Association is encouraging members to apply immediately.

NMMA details marine industry implications.

Tariffs did curtail exports by 24 percent to Canada, Mexico and the European Union during the second half of the year, according to an NMMA report.

The United States and China are restarting trade talks.

A 25 percent duty on PFDs could cause families to consider “cheaper options.”

The move is designed to stop border crossings, but threatens the new North American trade agreement.

Bill Yeargin discussed trade with the vice president and members of Congress.

But existing EU tariffs on U.S. boats continues to be “particularly devastating,” according to NMMA.

Investors and manufacturers are nervous as the trade war with China escalates, anticipating consumers will ultimately bear the brunt.

All boats imported on or after April 30 are no longer subject to retaliatory tariffs.

Chuck Grassley, R-Iowa, says in WSJ op-ed that the new Nafta “is dead” as long as constituents pay the price for retaliatory tariffs.