The National Marine Manufacturers Association (NMMA) and NMMA Canada heralded the Canadian government’s decision to remove all retaliatory tariffs on U.S. recreational boats entering Canada. This decision immediately ended the levy that hurt boat businesses for both nations, particularly for the North American industry.
Since last summer, the Canadian government levied a 10 percent tariff on aluminum for U.S. manufactured boats. “Eliminating retaliatory tariffs on U.S. boats...is a monumental win for all of us,” said NMMA Canada president Sara Anghel in a recent statement.
“The Canadian government’s order to remove its crippling retaliatory tariffs on U.S. boats is undoubtedly the most positive development for our industry since the global trade war began more than a year ago,” NMMA President Thom Dammrich stated. “We are elated by Canada’s decision to end this penalty on American boat imports...and we look forward to fully restoring our trade relationship immediately.”
The NMMA and NMMA Canada--with the assistance of the broader recreational boating industry--highlighted the debilitating effects of the retaliatory tariffs for small businesses for both Canada and the U.S. and advocated for their removal. The order to lift the tariffs applies to all boats imported on or after April 20, 2019, and it will be officially published tomorrow on May 15, 2019.