EU Rolls Back Tariff Increase on U.S. Boats
The European Union will not double its tariffs on boats made in the U.S. to 50 percent on June 1 after all. Earlier this week, negotiators for the EU and the U.S. announced that the retaliatory tariffs on U.S. boats and some other American-made products would remain at 25 percent for the next six months or so. The temporary truce was regarded as a victory for Frank Hugelmeyer, president of the National Marine Manufacturers Association, and Gina M. Romando, the new Secretary of Commerce and former Governor of Rhode Island, who is particularly responsive to the needs of American boat…