Canada Ends 10 Percent Tax on Boats Imported from the U.S.
The Canadian government has some good news for the U.S. boating industry, and for new boat buyers there. It just announced that it is ending the 10 percent retaliatory tariff on boats imported from the U.S. The Canadian government imposed the 10 percent tax on boats imported from the U.S. last July 1 in retaliation for President Trump’s 10 percent tariff on aluminum and 25 percent tariff on steel imported from Canada. The tax hurt many U.S. builders who had been selling a significant percent of their new boats to dealers and buyers in Canada (see picture of the Cutwater…