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The Canadian government has removed the 10% retaliatory tariffs on U.S.-built recreational boats that resulted from President Trump’s 10% tariff on aluminum and 25% tariff on steel imported from that country to the United States.

The National Marine Manufacturers Association Canada and the Canadian Marine Trades Association were advised by the government of Canada that the tariffs have been lifted effective April 30.

NMMA Canada and NMMA issued a joint statement this afternoon calling it “the most positive development for our industry since this concerning issue first emerged” when Trump imposed the Section 232 tariffs.

“We have been informed that all boats imported on or after April 30, 2019, are no longer subject to retaliatory tariffs (on a forward basis),” the statement said. “At this time the government will not issue rebates or refunds for surtaxes paid on boats prior to this action.”

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