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csabi

European dealers cancel US boat orders in anticipation of tariffs

Industry leaders on both sides of the Atlantic appeal to TrumpEuropean marine trade associations warned last week that retaliatory action proposed by the EU in response to import tariffs imposed by the US on steel and aluminium has already resulted in cancelled orders for American boats by dealers in Europe.

Meeting in Berlin last week, marine industry associations from over 30 countries listened intently to Nicole Vasilaros, government and legal affairs council for the National Marine Manufacturers Association (NMMA), describing the US marine industry’s reaction to unwelcome tariff actions initiated by the Trump Administration.

The tariffs threaten to disrupt both domestic boat and equipment supply chains and distort production costs in the US, as well as the flow of boat exports to Europe and Canada.

The brewing trade war between the US, Europe and Canada was one of the key topics discussed at the annual Congress, hosted by the International Council of Marine Industry Associations (ICOMIA). It was particularly relevant as one of the main reasons behind formation of ICOMIA over 50 years ago was to facilitate international trade within the boating industry, while reducing tariff and non-tariff trade barriers. Read on thanks to IBI.

And before all you reich-wingers start inundating me with your predictable reich-wing horseshit, understand that as long as that traitorous fuck endorses policies that hurt our industry or our environment, I am always going to bring it to attention. – ed.

 

csabi

June 12th, 2018

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