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On Watch
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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…