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NMMA Urges Action on E.U. Tariff
Author:
May 13, 2021
The National Marine Manufacturers Association is urging the Biden administration to take immediate action on the European Union’s retaliatory tariff on American-built boats and engines.
Leading up to
today’s hearing on the administration’s trade agenda, NMMA implored the White House, Commerce Secretary Gina Raimondo and Ambassador Katherine Tai, the U.S. Trade Representative, to come to more favorable terms with the E.U.
The 25 percent tariff, which went into effect in 2018, is slated to double June 1.
NMMA president Frank Hugelmeyer said there is no question the tariffs have been harmful to the U.S. marine industry.
Every board member contributed to the non-partisan political action committee, which works with congressional members who recognize the importance of boating.