Browsing: EU

Cruising Life
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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…

On Watch with Peter Janssen
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On Watch

Trade Wars Already Hurting U.S. Boating. Sales Are Cancelled, Layoffs Are Threatened By Peter A. Janssen The Trump Administration’s trade wars are already hurting U.S. boat manufacturers, as European and Canadian sales are cancelled because of higher tariffs. Some manufacturers say they will have to cut production and lay off workers if the trade wars continue. In retaliation to the tariffs that President Trump imposed on some imports, the European Union has imposed a 25 percent tariff on sail- and power-boats built in the United States. For its part, Canada will start a 10 percent tariff on U.S.-made boats starting…