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.
Tariffs/Trade
Section 301 List 3 Tariff Exclusion Requests Close Sept. 30
U.S. manufacturers have three potential avenues for tariff removal.
President Trump delays next round of tariffs
The United States and China are restarting trade talks.
From toilet makers to fishermen
An analysis by The Washington Post says the diversity of companies testifying against tariffs should grab the president’s attention.
NMMA says tariffs could compromise boating safety
A 25 percent duty on PFDs could cause families to consider “cheaper options.”
Group wants fishing equipment excluded from next round of tariffs
The American Sportfishing Association told the U.S. Trade Commission that a reduction in sales would harm conservation.
Trump to impose 25 percent tariff on Mexico
The move is designed to stop border crossings, but threatens the new North American trade agreement.
Correct Craft CEO meets with Vice President Pence
Bill Yeargin discussed trade with the vice president and members of Congress.
One step forward: Cancelled tariffs from Canada and Mexico welcomed by industry
But existing EU tariffs on U.S. boats continues to be “particularly devastating,” according to NMMA.
ABC 2019: “Tariffs are taxes that are paid by U.S. companies”
Investors and manufacturers are nervous as the trade war with China escalates, anticipating consumers will ultimately bear the brunt.
Canada tariff repeal a relief for U.S. and Canadian marine industries
The announcement by the Trump administration that it might increase tariffs against China prompted fears of an extended trade war between the two countries.
Canada’s retaliatory tariffs on boats lifted
All boats imported on or after April 30 are no longer subject to retaliatory tariffs.
Republican Senator says aluminum steel tariffs are “a tax on Americans”
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.
Associations seek to head off more Section 232 tariffs
The NMMA and six other non-marine associations sent a joint letter to President Trump, asking him to refrain from tariffs on imported automobiles.
Brexit deadline looms with no deal
Britain’s withdrawal from EU without a deal could create chaos for American marine businesses doing business in the U.K. and Europe.
Trump in “no rush” to reach trade deal with China
WSJ reports the latest in trade agreement “roller coaster.”
New Zealand marine industry opposes superyacht tariff
The marine industry fears a proposed mooring levy for large foreign boats could deter lucrative superyacht visits.
Trade war is costing Americans $3 billion a month
Separate studies show U.S. consumers and companies are bearing most of the brunt of tariffs.
Congress directs U.S. Trade Representative to back off on China tariffs
Congressional members want the USTR to create an exclusion process for products impacted by Section 301 tariffs.
Winnebago to accelerate Chris-Craft expansion
The RV maker plans to make significant investments in facilities, workforce and products.