Please select your home edition
Edition
Allen Dynamic 40 Leaderboard

What do “Liberation Day” tariffs mean for the boating industry?

by National Marine Manufacturers Association 6 Apr 15:55 PDT
What do “Liberation Day” tariffs mean for the boating industry? © National Marine Manufacturers Association

On April 2, President Trump announced a new set of trade actions, including a 10% baseline tariff on all imported goods, effective April 5. Additional tariffs, including some that range up to 34% on Chinese imports, for example, will take effect April 9. These 'reciprocal' tariffs target countries the administration identified as maintaining higher barriers to U.S. exports.

The administration did not impose new tariffs on products such as lumber, copper, semiconductors, pharmaceuticals and critical minerals - though some of those items are under Section 232 investigations and could be subject to future tariffs. A 25% tariff on imported automobiles and parts took effect yesterday, in addition to existing tariffs on steel and aluminum.

Manufacturers should promptly review the Administration's Annex II exemption list at an HTS code-level to determine potential tariff relief for specific items like metals and semiconductors.

Continue reading the full article here...

Related Articles

Soft demand continues with bright spots
Key findings from the March 2025 NMMA Monthly Recreational Boating Industry Data report The latest data from NMMA's Monthly Recreational Boating Industry Data Summary report, covering the rolling period from April 2024 through March 2025, offers a tempered view of the recreational boating market Posted on 6 Jun
U.S. announces tariff increase on steel & aluminum
Section 232 tariffs on imported steel and aluminum will double from 25% to 50% On May 30, President Donald Trump announced that Section 232 tariffs on imported steel and aluminum will double from 25% to 50%, effective Wednesday, June 4. Posted on 3 Jun
The economic impact of the recreational boating
2025 California Boating Congress was held in Sacramento, California, co-hosted by NMMA Last week, the 2025 California Boating Congress was held in Sacramento, Calif. Co-hosted by NMMA, the two-day advocacy event started Tuesday with the California boating community hearing from the California Business Roundtable Posted on 3 Jun
U.S. Court blocks broad use of IEEPA Tariffs
Finding that the president exceeded his authority under the statute On May 28, the U.S. Court of International Trade issued a ruling that blocks most of President Trump's recent tariffs imposed under the IEEPA, finding that the president exceeded his authority under the statute. Posted on 29 May
Consumer confidence rebounds in May
Mixed economic picture for recreational boating continues Yesterday, the Conference Board reported their Consumer Confidence Index® for May 2025, showing a rise by 12.3 points to 98.0, marking the largest monthly gain in four years and ending a five-month decline. Posted on 28 May
IBEX 2025 Set for Oct. 7-9 in Tampa
Taking place at the Tampa Convention Center The International BoatBuilders' Exhibition and Conference (IBEX) – North America's premier technical trade event for the recreational marine industry – announced this year's theme 'Fast Forward'. Posted on 27 May
Help celebrate industry icons
NMMA Hall of Fame Nominations due June 6 There's still time to recognize the leaders who have shaped—and continue to guide—the recreational boating industry. Posted on 24 May
Representative visits Chaparral and Robalo Boats
The tour showcased the combined 1.2 million square foot facility that employs over 700 people Earlier this month, Adrian Rivers, the Southwest Georgia Outreach Representative for the office of U.S. Senator Raphael Warnock (D-GA), visited the Chaparral and Robalo boat manufacturing facility in Nashville, Georgia. Posted on 23 May
American Boating Congress concludes
Legislative advocacy and industry innovation on display in the nation's capital The 2025 American Boating Congress (ABC) concluded this week in the nation's capital, bringing together marine industry leaders and policymakers for high-level discussions on the future of recreational boating and marine manufacturing. Posted on 19 May
Marine Technology & Sustainable Marine Fuels
Featured at the 2025 American Boating Congress (ABC) in Washington This week, leaders from across the recreational boating industry came together at the 2025 ABC in Washington, D.C. During the event, NMMA and its members hosted an American Recreational Boating Technology Demo at the Washington Marina Posted on 16 May
Allen Dynamic 40 FooterNorth Sails Loft 57 PodcastRS Sailing 2021 - FOOTER