Tariffs/Trade
U.K. Ends Tariffs on Boats
A deal was reached last night to end the retaliatory tariffs on U.S.-built boats entering the United Kingdom.
Section 232 Tariffs Suspended
The United States and the European Union resolved the trade dispute during the G20 Heads of State and Government Summit.
‘Time To End Tariffs Once and for All’
As a Dec. 1 deadline approaches, the European Boating Industry issued a joint statement urging U.S. and E.U. leaders to resolve the steel and aluminum tariffs.
A Collective Voice Against Tariffs
Organizations in the E.U. and U.S. have issued a statement ahead of next week’s Brussels Summit urging for the termination of retaliatory tariffs.
The Clock is Ticking
On June 1, the European Union’s retaliatory tariff on American-built boats is set to double.
U.S. Trade Relationships to Watch in 2021
With new leadership in Washington, D.C., boatbuilders this year may see changes in relations with Canada, the European Union and China.
U.S, EU Boating Community Issues Plea to End Retaliatory Tariffs on Boats
The 25 percent levy on U.S.-built boats exported to the EU has cost American manufacturers $400 million, the groups say.
MasterCraft to Purchase Merritt Island Facility
The location will build its Aviara line of luxe dayboats.
Boats Avoid Canada’s Retaliatory Tariffs Against U.S.
The Trump Administration has reimposed aluminum tariffs.
Quick Hits: May 29, 2020
Sea Tow Foundation adds marine industry stakeholders to to council, Suzuki announces new 115- and 140-hp outboards, and ABYC takes classrooms virtual in 2020.
Downstream Effects of Upstream Tariffs
For manufacturers, studies show that the damage caused by tariffs far outweighs the benefits.
NMMA: Recent trade agreements positive but not enough
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.
Good News and Bad
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.
China announces it will cut tariffs on some goods amid trade talks
The Wall Street Journal reports that Beijing will lower import tariffs on frozen pork, pharmaceuticals and some high-tech components starting Jan. 1.
Trump administration and China reach initial deal on tariffs
The agreement cancels tariffs on some products and reduces others by half.
‘Phase one’ of China tariff relief could happen this week
The new agreement could help many U.S. marine businesses that import products and source parts from China.
House and White House reach deal on USMCA
Senate republicans say they won’t pass trade deal during impeachment trial.
Metstrade 2019: U.S. ambassador hears about the impact of EU tariffs
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.
Tariff exclusion process on fishing tackle starts today
The American Sportfishing Association is encouraging members to apply immediately.
What the initial U.S.-China trade agreement means
NMMA details marine industry implications.
New round of tariffs targets boating equipment
Fishing and boating gear imported from China will attract a 10 percent duty.
U.S. boat and engine exports up 15 percent in 2018, despite tariffs
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.
Section 301 List 3 Tariff Exclusion Requests Close Sept. 30
U.S. manufacturers have three potential avenues for tariff removal.