Aug 16, 2020

Spared from TariffsFollowing the Trump administration’s early August decision to reimpose tariffs on aluminum imports from Canada, the Canadian government has announced that it will impose dollar-for-dollar retaliatory tariffs on U.S. products. Unlike the previous aluminum and steel tariff dispute between the two countries, U.S. boats were not included on the initial list of products that will be subject to the countermeasure, which NMMA and NMMA Canada worked proactively to ensure.

While NMMA and NMMA Canada opposed the new tariffs on Canadian aluminum, the trade groups applauded Canadian Prime Minister Justin Trudeau for exempting U.S. boat imports from the retaliatory tariffs. Prior to this latest trade conflict, NMMA and NMMA Canada sent a letter to President Donald Trump and Prime Minster Trudeau warning about the harm new tariffs will cause, which received a direct response from Prime Trudeau’s office.

“The recreational boating industry learned painful lessons when Section 232 steel and aluminum tariffs and subsequent retaliatory measures were imposed in spring 2018. Following the implementation of these tariffs, U.S. boat exports to Canada dropped by 26 percent, which continued throughout the period the tariffs remained in place. In the U.S., boat manufacturers suffered a significant decrease in sales to their largest international market. Similarly, Canadian dealers faced an uphill battle selling inventory and some were eventually forced to write-off unsold ‘tariffed inventory,’ resulting in lost revenue for marine businesses and the government’s coffers.

“In the end, the Canadian government removed U.S. boats from the counter-tariffs list because of the severe damage it was doing to the industry and economy. However, several side effects from these actions continue to linger and a relapse to these failed policies will only create more economic hardship and uncertainly on both sides of the border.”

NMMA and NMMA Canada will continue to monitor the situation and provide additional updates as the situation evolves. For more information, please contact NMMA Canada president, Sara Anghel at This email address is being protected from spambots. You need JavaScript enabled to view it., NMMA Canada director of federal and provincial government relations, Jim Wielgosz at This email address is being protected from spambots. You need JavaScript enabled to view it., or NMMA director of federal government relations, Clay Crabtree at This email address is being protected from spambots. You need JavaScript enabled to view it..

Boating Industry Canada News Week

 

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NMMA CANADA PROACTIVELY MOVES TO ADDRESS TARIFFS, LUXURY TAX THREATS TO THE INDUSTRY IN 2020/21 

NMMA CanadaDespite the successful season enjoyed by many boating businesses, there are risks looming on the horizon for the recreational boating industry. For example, this past August President Trump announced a 10% tariff on raw Canadian aluminum being imported into the United States. This move took the political and business world by surprise given the recent coming-into-force of USMCA/NAFTA 2.0.

As soon as rumours appeared about possible tariffs, Sara Anghel and NMMA President Frank Hugelmeyer co-wrote a letter to President Trump and Prime Minister Trudeau urging them to avoid another trade dispute. 

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