Recreational fishing industry also feels effect of tariffs: MarineBusinessWorld N America newsletter
by Peter Rendle 19 Nov 11:00 PST
Fishing rods and reels in the ocean © American Sportfishing Association
White House lifts IEEPA Reciprocal Tariffs on certain CAFTA-DR Qualifying products. The White House published separate "Joint Statements on Frameworks for Agreements on Reciprocal Trade" on November 13, with Argentina, Ecuador, El Salvador, and Guatemala.
Each outlines the key elements of the different Frameworks, including country-specific concessions given to the U.S., modifications to IEEPA reciprocal tariffs, and potential changes to Section 232 tariffs. A firm timeline for finalization and implementation of each agreement was not provided, but sources suggest they may emerge in the next couple weeks. Similarly, none of the Joint Statements included specific product lists of impacted HTS subheadings.
The U.S.-Mexico-Canada Agreement (USMCA) provides critical support to U.S. sportfishing equipment manufacturers, and to a lesser extent, benefit American fishing companies utilizing a global supply chain. Over half of U.S. made sportfishing equipment exported globally is sent to Canada and Mexico under USMCA while 4 percent of the industry's imports originate from these important trade partner countries. Read the full letter to the Office of the U.S. Trade Representative [PDF].
Dealer expansions include Azimut, who announces the extension of its partnership with Marine 360, a company reporting rapid growth in Canada. Following the success of the collaboration in Ontario, the dealership is expanding its coverage to include Quebec and the Maritimes (Nova Scotia, New Brunswick and Prince Edward Island).
ILIAD Catamarans is pleased to announce the appointment of Almirant/Yucatan Seas as its exclusive dealer for Mexico, strengthening the brand's expanding global network and reinforcing its growing presence throughout the Americas. Based in the coastal hub of Mérida, Yucatán, Almirant/Yucatan Seas brings deep regional knowledge and extensive expertise in luxury yacht sales, service and owner support.
The ABB Dynafin propulsion system has demonstrated up to 20% fuel savings for yachts during testing executed in collaboration with Oceanco. Recent testing at the Maritime Research Institute Netherlands (MARIN) has confirmed the system's potential to reduce fuel consumption, compared to current best-in-class electric propulsion technology, validating the efficiency gains predicted by Computational Fluid Dynamics simulations.
US Sailing, the National Governing Body for the sport of sailing in the United States, is pleased to announce the results of the 2026 Board of Directors elections. This year, one proven leader has been re-elected to the Board by US Sailing's general membership, and two additional members have been appointed and elected to key leadership positions.
World's leading one-design racing dinghy class teams up with natural-fibre innovators to reduce environmental impact through a Strategic Sustainability Partnership. The International Laser Class Association (ILCA) and Greenboats, a pioneer in sustainable composite materials, officially announced an ongoing partnership to explore and develop environmentally responsible innovation within ILCA dinghy production.
From Australia, ever evolving Maritimo introduces new design features in its latest vessel. Australia's world-class luxury motor yacht builder expands its next-generation model line-up with the global reveal of the all-new S50 Sedan Motor Yacht. The new S50 will make its global launch at the Sanctuary Cove International Boat Show, 21-24 May.
Simrad Marine Electronics, a leader in marine electronics and navigation, announced the expanded compatibility of its innovative AutoTrack feature across the full range of Simrad recreational HALO radars, excluding HALO 20, and now including select Lowrance and B&G radar systems.
Peter Rendle - peter.rendle@worldmarine.media