Joint statement on US / EU tariffs issued by EBI

A joint statement from the European Boating Industry (EBI), International Council of Marine Industry Associations (ICOMIA), and National Marine Manufacturers Association (NMMA) has welcomed the agreement reached this week to suspend the June 1 increase of tariffs on US boats entering the EU.

“We welcome the agreement reached by US and EU negotiators this week to prevent the doubling of retaliatory tariffs on recreational boats made in the US, entering the European market,” the statement says.

“EBI, ICOMIA, and NMMA are encouraged by both parties’ commitment to resolving this underlying trade issue. As negotiating parties continue discussions that will ultimately resolve the imposed tariffs on US steel and aluminium, most importantly, the 25% tariffs on US-made boats, we look forward to working with representatives on both sides of the Atlantic to achieve this objective.”

The three organisations say that those in the collective one million jobs and 67,000 businesses supported by the industry on both sides of the Atlantic, applaud the negotiations and call for continued discussions to strengthen trade relations between the trade blocks.

Furthermore, EBI, ICOMIA and NMMA are committed to strengthening their cooperation in the upcoming months with the US administration, and EU institutions, to ensure that all barriers to trade are eliminated.

Pictured is US-built, Silver Lining