Tariffs
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CEO Calls for Ending Retaliatory Tariffs Due to Impact on Domestic Boat Industry
Each year the boating industry gravitates to its biggest (and sunniest) boat show in Miami to meet and discuss important issues and last week was no exception. During numerous board meetings, roundtables and other industry gatherings we worked together to tackle some of our top concerns. And, global trade and tariffs were at the top of the list in every meeting.
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Trump Administraion Announced New Tariffs on Chinese Products, Including Recreational Boating Industry
On Friday, the Trump Administration announced Section 301 tariffs of 25 percent on approximately $50 billion worth of select Chinese products, including nearly 300 marine related parts. In response, NMMA is sounding the alarm and calling on the Administration to withdraw the tariffs.
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