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Correct Craft CEO In Boating Industry: Ending retaliatory tariffs with USMCA ratification

by National Marine Manufacturers Association 21 Feb 03:29 PST
Bill Yeargin © NMMA

Each year the boating industry gravitates to its biggest (and sunniest) boat show in Miami to meet and discuss important issues and last week was no exception.

During numerous board meetings, roundtables and other industry gatherings we worked together to tackle some of our top concerns. And, global trade and tariffs were at the top of the list in every meeting.

Everyone agreed that the ongoing trade war is having a negative effect on the uniquely American recreational boating industry. Along with raw materials and components becoming more expensive and difficult to procure, sales to our largest international buyers are down. Put simply, the American boat manufacturing industry is seeing costs increase while sales to international customers decline. That means fewer boats, engines, fish finders, and thousands of additional marine accessories are not being sold which will eventually impact American jobs.

Read the full article here.

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