Retaliatory tariffs implemented on some US products - MarineBusinessWorld North America newsletter
by Peter Rendle 16 Sep 08:00 PDT
President Trump issues new tariffs on products from Canada © NMMA
Canada's retaliatory tariffs on certain U.S. products took effect September 8th. The Canadian countermeasures cover $27.6 billion in imports from the U.S and are in response to the Trump Administration's recent 50% tariff on certain imports from Canada.
American-made recreational boats, personal watercraft, and marine engines are not subject to Canada's retaliatory tariffs. However, certain marine industry goods are affected. In a late-breaking development, President Trump responded to Canada's new tariffs with additional 50% tariffs on Canadian products, including separate announcements involving recreational boats.
This week, the BoatUS Foundation for Boating Safety and Clean Water announced its speaker line-up for its Turning the Tide Summit. The in-person event addresses the issue of abandoned and derelict vessels and disposal solutions, and is set for December 6-9 in New Orleans, Louisiana. It tackles removal practices and programs, and what to do with abandoned and derelict vessels (ADVs), from proven disposal methods to cutting-edge technologies that are being used for safe disposal.
Avikus USA, HD Hyundai's developer of AI-powered navigation and docking solutions, has announced that Sangwon Shin, vice president of recreational marine, will present and participate in educational sessions this fall: the NMEA Marine Electronics Conference & Expo, the Genoa International Boat Show and IBEX. Sangwon Shin will focus on the adoption and integration of artificial intelligence across recreational boats and superyachts.
Procaccianti Companies and its joint venture partner, Rugger Capital, announced the acquisition of Charleston Harbor Resort, a 217-key waterfront property in Mount Pleasant, South Carolina. The resort will be managed by Procaccianti's hospitality affiliate, TPG Hotels & Resorts. In parallel, Suntex Marinas announced its acquisition of the adjacent Charleston Harbor Marina, one of South Carolina's largest in-water marinas, with more than 450 slips accommodating recreational cruisers to superyachts.
Navico Group, a global leader in integrated systems and marine electronics and a division of Brunswick Corporation, has announced a strategic partnership with Elettromedia, the multinational group behind the Audison and Hertz audio brands. The collaboration is designed to help boat builders deliver high-quality, integrated marine audio solutions that work more intuitively with the broader vessel technology ecosystem.
When MarkSetBot was first conceived, the idea was relatively simple: build a robotic mark that could navigate to a GPS coordinate, hold position without an anchor and move when conditions changed. Today, it has evolved into a race management platform designed to help Race Committees set more precise courses, respond to changing conditions faster, reduce on-the-water personnel requirements and provide better information for managing racing.
At this year's Cannes Yachting Festival, Dream Yacht and Navigare Yachting announced the strengthening of their leadership team with the appointment of: Romain Motteau, Chief Development Officer, Nicolas Berenger, Chief Sales Officer, and Romain Lucat, Chief Technical Officer. Their respective careers with leading players in the yachting industry, including Fountaine Pajot, Dufour, Beneteau and Construction Navale Bordeaux, bring together complementary expertise spanning business development, product, sales and distribution networks.
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Peter Rendle - peter.rendle@worldmarine.media