The National Marine Manufacturers Association says the 5% tariffs announced by President Trump on all goods from Mexico as a way to compel the country’s leaders to help curb illegal immigration into the U.S. would be “problematic” for marine manufacturers.
Boating Industry reported that the tariffs are currently set to begin on June 10 and steadily increase in the coming months – 10% on July 1, 15% on Aug. 1, 20% on Sept. 1, and 25% on Oct. 1 – unless the Mexican government provides satisfactory assistance in the administration’s immigration efforts.
NMMA says many U.S. marine manufacturers rely on a North American supply chain to remain domestically and globally competitive. To that effect, the administration’s action could jeopardize the United States-Mexico-Canada-Agreement (USMCA) – which NMMA and its members have worked hard to ratify – creating more chaos and confusion for the industry.
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