NMMA Issues Condemnation of Tariffs on Canada, EU and Mexico
Following the announcement by U.S. Commerce Secretary Wilbur Ross that Section 232 tariff exemptions for Canada, Mexico, and the European Union expired, resulting in a 25 percent tariff on steel and 10 percent tariff on aluminum, respectively, NMMA is sounding the alarm to the Trump Administration and Congress on the damage to the recreational boating industry.
NMMA President, Thom Dammrich, noted, “The decision to impose tariffs on major trading partners severely harms the $39 billion U.S. recreational boating industry and the 650,000 American workers it supports. Of the marine manufactures that build aluminum boats, the majority use domestic aluminum. The issue with these tariffs is not so much about having to pay higher prices for imported aluminum as it is about the drastic price increases our members are already experiencing from domestic aluminum mills and the severe blow to the competitive global market manufacturers depend on.”
Dammrich continued, “Simply put, these tariffs are a disaster for our industry. All types of recreational boats are on the retaliatory lists from both Canada and the EU. As a result, rather than protecting American manufacturing, these tariffs directly harm the entire recreational boating industry—one of our country’s enduring American-made industries. To make matters worse, Canada, Mexico, and the EU are the top three export markets for American-made marine products and in 2017 they accounted for nearly 70 percent of marine exports.” Read more