Recreational Boating Industry Supports Free & Fair Trade

Marine manufacturers rely on free and fair trade, global supply chains, and a stable business environment to remain competitive. The total value of recreational boats and engines exported from the U.S. in 2019: $2.1 billion.

Exports to the E.U. — the industry’s second largest international market — have decreased by more than 30% since 2018, following the E.U.’s 25% retaliatory tariff on U.S. boats and engines.

Section 301 tariffs on imports from China have impacted more than 300 commonly used components, materials, and parts, costing the industry millions of dollars in new taxes since 2018.


 

Key Facts
 
$2.1B
in Annual Boat and Engine Exports
 
30%
Reduction in Exports to E.U. Following U.S. Section 232 Aluminum & Steel Tariffs
 
10–25%
Tariffs on 300+ Marine Products from China

 

Recreational Boating Industry’s Top Policy Priorities
  • Eliminate the European Union’s 25% retaliatory tariff on U.S. boats
  • End Section 232 tariffs on aluminum and steel imports
  • Strike a comprehensive agreement with China that eliminates Section 301 tariffs and protects American businesses
  • Secure a trade agreement with the U.K. that removes the 25% retaliatory tariff on U.S. boats and technical barriers to trade while addressing regulatory cooperation