U.S. and U.K. to Discuss Retaliatory Tariffs on U.S. Boat Imports
Courtesy of NMMA
Officials from the United States and United Kingdom have announced that the nations will discuss the U.K.’s retaliatory tariff imposed on U.S. goods entering the U.K., including American-made boats.
The announcement from the National Marine Manufacturers Association reported that Secretary of Commerce Gina Raimondo, Trade Representative Katherine Tai and U.K. counterpart Secretary of State for International Trade Anne-Marie Trevelyan agreed to enter into the discussions.
Last year, the European Union (EU) fully removed the 25 percent retaliatory tariff imposed on U.S. boats entering the EU.
According to the NMMA statement, in a letter sent late last year, the organization urged the Biden administration to swiftly follow course and reach a resolution with the U.K.
Because of steel and aluminum tariffs that went into effect in 2018, America’s traditional allies and trading partners placed retaliatory tariffs on American products, including recreational boats.
