The escalating trade war is threatening the entire recreational boating industry.
The U.S. marine industry is facing a triple threat: Section 232 tariffs on steel and aluminum, anti-dumping and countervailing duties on Chinese aluminum sheet, and 301 tariffs on nearly 300 marine related products. As a result, our industry is experiencing rising manufacturing costs, retaliatory tariffs, and order cancelations.
Just this week, the Trump Administration decided to end Section 232 steel and aluminum tariff exemptions for Canada, Mexico, and the European Union, sparking retaliatory tariffs from all three countries. Boats entering the EU will face a 25 percent tariff while Canada is applying a 10 percent tariff and Mexico a 15 percent tariff. This will make our industry less globally competitive in our top three export markets.
Now is the time to take action. Tell President Trump to make a deal that immediately withdraws these tariffs. Without a solution, our industry – and the entire U.S. economy – will suffer.
With our industry facing such significant tariffs, it is important you let your voice be heard.
