European tariffs on U.S. Boats

This is catastrophic for almost everyone in the affected and tertiary industries.

Interesting observation. Question: is the Us buying market bigger than the Euro one? In other words, more US purchasing dollars spent?

I dont know how the contracts for these builds are worded but i doubt the european buyers will be able to walk away without loosing most of what they have alreay paid.

Is the Euro tariff based on date of order or date of delivery? I know a guy with a Benetti in completion who will be very interested in the answer.

Based on this page (ASSuming the numbers are accurate) the european market is about have the size of the us market

http://www.europeanboatingindustry.eu/facts-and-figures

Note the comment about the export ratio being 3:1 in europe favor...

The markets are very diffeent. Because of high taxes, incl luxury taxes and high fuel costs, the average boat is much smaller over in europe and sail is much bigger. Look at how european sailboats have become so popular here... you see far more Jeanneaus, Beneteaus, lagoons, etc... than hunters or catalinas. And i doubt Hunter and Catalina export much to the EU

With so many large boats being foregin flagged, the impact on the 70+ imports will not be significant.

Date delivered. Anything after it went into effect. However, a Benetti is irrelevant as it's build in Europe. The tariff is on boats going to Europe from the US.

Each contract is different and there are various circumstances, but rest assured there are buyers talking about walking away if the builder doesn't pay and builders saying they won't pay. That as well as dealers saying "no mas" and even saying they're going to refuse boats on a ship today.

The tariffs should be the same in either direction. Both economies are of significant size and share similar economies of scale. The trade balance should be impacted only by user preference and currency relative valuations. If Europeans are charging more than US on import duties we should match them.

Please note that I am not endorsing Trump or anyone, just giving my point of view. This may be a great time to correct any difference because the US currency is strong.

Would be all positive. Tariffs are simply a tax and only benefit those that collect the tax or protected by the tax. Can't think of a single benefit to the buyer for paying tariffs.

On boats, the only tariff there was prior to this was the duty charge coming into the US of 1.5%. Now other countries had VAT just as some states have sales tax, but no other tariffs I'm familiar with.

I'm very familiar with duties and tariffs in other industries. We've been the ones having the most as we "taxed" labor intensive goods being produced in countries with cheaper labor. It was initially to discourage offshore production. Obviously it failed in doing that and became simply a revenue source.

If he said that, good for him.

I don't think you can honestly compare the European VAT of 19 or 20% to our states sales tax which rarely exceed 7%. With a 300k value cap in FL.

Apples and oranges

Oops. I thought Europe was just reciprocating what we had done.

They're reciprocating our aluminum and steel and other tariffs, no boating tariffs.

Well, they're both fruits. Both taxes that we have on items, not tariffs, not specific to imports.

Like it or not, steel and aluminum is a national security issue. We can not let these industries wither away and be at the mercy of Europe or china. As I mentioned earlier in the thread how did we get to the point where SS shaft stock comes from Italy!

I wish I could find a table of tariffs comparing our customs duties to others countries before this so called trade war started. I bet it would an eye opener