Great Lakes News

Great Lakes News

Canadian Government Announces 10% Tax on U.S.-Built Boats

05-Jul-2018

After President Trump announced tariffs on aluminum and steel from Canada, the Canadian government announced taxes of their own, which include U.S.-built boats. There was a backlash as some marine companies advocated for boats to be removed from being taxed in fears of hurting the boating industry.

“While we appreciate the Canadian government recognizing our industry, we are disappointed that they decided not to exclude recreational boats from the retaliatory list,” says Sarah Anghel, president of NMMA Canada. “Unfortunately, boats are the only recreational product being targeted. As a result, our $10 billion and growing industry, and the 75,000 Canadian jobs it supports, are now at risk. Tariffs aren’t the solution to trade disputes.”

For more information, visit canada.ca/en/global-affairs/news/2018/06/canada-stands-up-for-our-steel-and-aluminum-workers-and-industry.html.

South Shore JUN17