All Tariffs and Taxation articles

  • Aluminium boat production

    Trump resumes trade war with Canada

    2020-08-07T13:40:00Z IBI , by Craig Ritchie

    It’s Déjà vu for the North American boat industry as US president Donald Trump announces a new 10% tariff on Canadian aluminium, while Canada vows to retaliate

  • CDR_6255

    North American industry gears up for July 1 implementation of USMCA trade deal


    NAFTA-replacement aims to simplify cross-border shipment of goods while adding intellectual property protections

  • us-flag-21-apr-2017.jpeg

    What the US$2 trillion relief package means to the boating industry


    With over half the US under ‘stay at home’ orders from state or local governments, President Trump has signed a US$2 trillion economic relief package aimed at workers and businesses of all sizes, while separate action has seen additional action on tariffs. The package allows businesses to delay payment ...

  • USMCA signing

    Canada passes USMCA trade agreement into law


    The Canadian government passed legislation on Friday ratifying the new US-Mexico-Canada Trade Agreement (USMCA) before shutting down until April 20 as a result of the developing Covid-19 coronavirus pandemic.

  • Parliament Hill

    NMMA Canada lobbies parliamentarians in bid to head off luxury tax


    Representatives from NMMA Canada and regional boating trade associations nationwide descended on the Canadian national capital on Thursday in a coordinated lobbying effort aimed at convincing legislators to rethink a proposed 10% luxury tax on boats of more than $100,000.

  • News

    Boating community sinks Virginia boat tax


    Efforts by the Prince William County, Virginia Board of Supervisors to reinstate a 20-year-old boat tax were dead in the water when more than 100 boat owners and business people voiced opposition at a public hearing Tuesday night.

  • The conference Opportunities in Superyachts 2017 will be held on February 23 at the Excelsior Hotel in Valletta, Malta

    EU warns Malta over incorrect VAT on yacht leases


    The European Commission has sent an additional letter of formal notice to Malta whose authorities it accuses of not levying the correct amount of the value-added tax (VAT) on the lease of yachts. Brussels claims that Valetta failed to properly modify its tax system in response to earlier requests by ...

  • New York State flag

    New York State considers ‘wealth tax’


    Face with budget shortfalls and looking to fund an ambitious new program, Democratic lawmakers in New York state are gaining support for tax proposals aimed at its wealthiest residents, which include a rollback of sales tax exemptions on megayachts and private airplanes.

  • US boat sales

    International trade still holds challenges for recreational marine industry


    Despite a flurry of recent positive activity on the trade front, the US recreational boating industry continues to face what the National Marine Manufacturers Association (NMMA) calls “serious challenges”. In a trade update to its members, NMMA wrote: “While NMMA is encouraged with the recent ratification of the United ...

  • US China flag

    US, China sign ‘phase one’ trade deal to mixed reaction


    The agreement was signed on Wednesday

  • Tariffs-US-China

    US/China trade deal keeps tariffs in place, Senate set to approve USMCA


    The US and China are expected to sign a “phase one” trade deal today that would keep tariffs in place on some US$360bn in Chinese goods until after the US presidential election in November, while the United States Senate is expected to approve the US-Mexico-Canada (USMCA) trade pact on Thursday. ...

  • Tariffs-US-China

    US, China tariff deal helps boating, critics Say “Phase One” agreement too limited


    The move last week aimed to deescalate the ongoing trade war reduces some US tariffs in exchange for increased Chinese purchases of American farm goods

  • Washington

    Marine industry welcomes USMCA deal


    The agreement reached between Democrats in the US House of Representatives and President Trump regarding the US-Mexico-Canada Trade Agreement (USMCA) is being hailed by the boating industry in the US, calling it a “critical pact that will protect and preserve the industry’s North American trading partnerships.”

  • News

    ORR meets cabinet-level officials to discuss impact of outdoor recreation


    ORR plans rollout of strategies to recruit next generation of outdoor recreation employees, and meets with staff from the US Trade Representative’s office to reiterate the negative impact of tariffs

  • Trump 2

    US-China trade war intensifies


    Tariff increases, demands for US manufacturers to leave China cap wild weekend of trade rhetoric

  • Container Ship Unloading

    Trump blinks on new tariff threat


    US President Donald Trump has softened his position on a threat made earlier this month to levy a new 10% tariff on US$300bn worth of Chinese goods not already subject to existing tariffs.

  • News

    China Section 301 Tariffs list 3 exclusion process opens Sunday


    Web portal for submitting exclusion requests will open at mid-day on Sunday, 30 June,

  • Correct Craft Bill Yeargin

    Yeargin: Tariffs hurting Floridians US$178m so far


    In his latest salvo against the Trump Administration’s tariff wars, Correct Craft president and CEO Bill Yeargin warns the President’s policies are hurting both his economic gains and the very people he is trying to help.

  • Washington

    Trump defends Chinese tariffs


    President Donald Trump continues sabre rattling on the trade war front, threatening more tariffs on China while defending the tariffs his administration has put into place globally, while the Chinese are allegedly avoiding tariffs on some goods by way of Vietnam.

  • New Zealand's Hauraki-Gulf-Courtesy-Tourism-New-Zealand

    New Zealand drops daily anchorage fee


    Auckland Council has dropped a proposed daily anchoring fee that would have seen superyachts and other foreign-flagged vessels of over 40m billed each time they anchored within Auckland’s navigable waters. Industry association NZ Marine worked closely with the Council to ensure the tax was dropped.