Tariff legislation continues to make the headlines - MarineBusinessWorld North America newsletter
by Peter Rendle 21 Mar 07:00 AEDT
Washington, D.C © National Marine Manufacturers Association
Effective March 13 the Government of Canada has imposed 25 percent tariffs on $29.8 billion in products imported from the U.S. including fishing rods, hooks, nets, lines, and other tackle.
While negotiations between the two countries continue and may lead to an easing of these tariffs, the newly announced retaliatory tariffs are in effect. In the announcement, Canada explained that these new countermeasures would remain in place until the U.S. eliminates its tariffs against Canadian steel and aluminum products.
The Trump administration's reinstated Section 232 tariffs on steel and aluminum imports take effect this week, imposing a 25% tariff on all imported steel and aluminum. In response, the European Union announced today $28 billion-worth in retaliatory tariffs, which includes recreational boats. Canada also announced retaliatory measures on $21 billion worth of U.S. goods. Frank Hugelmeyer, President and CEO of the National Marine Manufacturers Association, released a statement in response to the EU's retaliatory tariffs on recreational boats.
The National Women's Sailing Association (NWSA) is expanding its conference, presented by American Sailing, to three days. This year, the annual event will be held June 6 to 8 at the University of South Florida, St Petersburg. The event welcomes women sailors of all skill levels, ages and backgrounds to workshops including the popular Take the Helm® track—an introduction to sailing for women - and offers a view into the marine industry and opportunities to meet and network with accomplished cruisers and racers.
More than 1,000 boat and propeller dealers to sell the Sharrow Propeller across the U.S. Sharrow Marine, the industry leader in revolutionary propeller technology, has announced its plans to establish a Nationwide Sharrow Marine Dealer Network in 2025. This ambitious initiative will ensure greater accessibility to Sharrow's revolutionary propeller technology.
The United States Coast Guard (USCG) and the American Boat & Yacht Council (ABYC) have opened registration for the next instalment of the USCG/ABYC Risk Mitigation Series, which will be held virtually May 7, from 1 to 3 pm. Risk Mitigation 8: Gasoline Fuel Systems - Evolution and Compliance will cover the latest gasoline fuel system requirements and critical safety considerations.
The Newport International Boat Show presented by BankNewport have announced that the 54th Show will take place September 11 through 14 at the Newport Yachting Center in downtown Newport, Rhode Island. "We are pleased to announce the dates for this year's Show," said Lisa Knowles. "This event has become a staple for the local community and a vital milestone for the industry as the kick-off event for boat show season. We are very excited for what we have in store for this year's event and look forward to welcoming everyone in September."
It is with profound sadness that Northrop & Johnson announced the passing of their beloved Yacht Broker colleague and friend, Paul Daubner. Paul peacefully passed away on March 12 after a two year stage 4 cancer journey, with his devoted wife, Kimberly, by his side. A revered member of the yachting industry, Paul dedicated more than 30 years to the sea, as a private and charter captain, technical superintendent, yacht and project manager, and, ultimately, as a highly respected yacht broker and mentor to the brokerage community. In 2009, he made San Diego his home and joined Northrop & Johnson, where he built a remarkable legacy defined by professionalism, integrity, and an unwavering commitment to his clients.
More marine industry news across the whole of North America at www.marinebusinessworld.com/NorthAmerica updated daily.
Peter Rendle - peter.rendle@worldmarine.media