Canada’s tariffs on U.S.-built boats will cost Americans jobs, said Back Cove Yachts and Sabre Yachts sales and marketing vice president Bentley Collins.
This story by Reagan Haynes originally appeared in Trade Only Today.
“My typical worker of an hourly-wage job works about 2,000 hours a year,” Collins told Trade Only Today. “When you equate that to the number of boats a small company like us will not sell in Canada, we’re going to lose between six and 10 boat builders. Our export business will basically go away. And that really is a matter of jobs.”
Canada announced a 10 percent tariff on U.S.-built boats to retaliate against President Trump’s 10 percent tariff on aluminum and 25 percent tariff on steel.
The National Marine Manufacturers Association issued a Boating United alert urging members and recreational marine stakeholders to sign a petition asking President Trump to reconsider tariffs on aluminum and steel.
“The escalating trade war is threatening the entire recreational boating industry,” the NMMA wrote in the alert.
The NMMA is holding a webinar on Wednesday at 2 p.m. to discuss the tariffs affecting the U.S. marine industry.
Register for the webinar here.