The National Marine Manufacturers Association (NMMA) provided a backdrop for the “state of play” of international trade for U.S. marine manufacturers in its Currents e-newsletter.
“For more than a year now, the recreational boating industry has been facing a range of compounding tariffs: anti-dumping and countervailing duties on aluminum sheet; Section 301 tariffs on hundreds of commonly used marine products and materials; and Section 232 tariffs on aluminum and steel, resulting in retaliatory tariffs on U.S. boats from our top export markets,” the newsletter story said.
Soundings Trade Only reported that the association called recent developments on trade negotiations “encouraging,” but added that “more work was needed to ensure the industry can grow.”
Nicole Vasilaros, NMMA senior vice president of government relations and legal affairs, told Trade Only Today that agreements such as the U.S. Mexico Canada Agreement (USMCA), or the new NAFTA and negotiations with Japan, the European Union and the United Kingdom are happening, but there is “no clear path forward.”
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