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?

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.

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.

Well yeah. They'll just get Flagged in BVI or Road Harbor just like the old days before Florida's $18k sales tax cap.

I understood that the US president made the statement to the affected countries "delete all tariffs" and thenUS will follow. Would be interested to hear the negatives , if any, of that implementation if it happened.

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.

The only problem is, removing things like Tariffs in some countries governments takes a lot of effort and time.

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.

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.