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NMMA urges end to retaliatory tariffs after NAFTA 2.0 signing

by National Marine Manufacturers Association 4 Dec 2018 06:17 PST
NAFTA Flag © National Marine Manufacturers Association

On Friday, U.S. President Trump, Canadian Prime Minster Trudeau, and Mexican President Nieto formally signed the new NAFTA trade agreement – now known as the United States-Mexico-Canada Agreement (USMCA) – on the sidelines of the G-20 summit in Buenos Aires, Argentina. While NMMA is supportive of USMCA, the agreement does not address one of the recreational boating industry's biggest concerns: eliminating retaliatory tariffs on U.S. boats.

In response to official signing of the trade deal, NMMA president, Thom Dammrich, and NMMA Canada president, Sara Anghel, stated, "We applaud the formal signing of USMCA – a vitally important trilateral trade pact, which will help ensure the continued health and success of industries like marine manufacturing that rely on the free flow of goods in North America. We thank all three leaders for preserving the special trading relationship between our countries and urge immediate ratification of this historic agreement."

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