On April 2, 2025 the US announced tariffs against imported goods from every United States trading partner, impacting the Global Markets and our Marine Industry. A 10%, minimum increase on all countries is effective April 5, 2025 and higher rates on selected countries are effective April 9, 2025.
The US marine industry has many segments, including US boat builders using imported parts and raw materials, and imported vessels sold in the US. Another important segment is used/brokerage vessels imported to the US after initial use in another country, sometimes in charter service. Of course, the US marine industry is much bigger than just the boat builders and brokers, ranging from the sale of Anti-fouling bottom paint to Zinc anodes. Resins, steel, and aluminum are all added to the tariff mix and are essential to boat building and servicing.
The notable marine industries impacted by new tariffs are broken down in the chart below.
Marine Industries Impacted By Tarrifs:
| Country | Tariff | Notable Marine Industry |
| China | 54% | Multiple boat builders, parts, accessories, sails |
| Vietnam | 46% | Seawind Catamarans, Corsair Marine, Rapido Trimarans |
| Sri Lanka | 44% | North Sails (capacity of 20,000 sails per year) |
| South Africa | 30% | Leopard Catamarans, Robertson & Cane Catamarans |
| Japan | 24% | Yanmar, Yamaha |
| European Union | 20% | Multiple French, Italian, and German boat builders |
| United Kingdom | 10% | Sunseeker, Raymarine, Furuno, Simrad, Garmin, B&G, FLIR |
Opportunities Presented
While the industry works through the challenges presented by these tariffs, we are navigating the opportunities offered:
- The most obvious opportunity is for buyers to purchase pre-tariff imported vessels that have landed in the United States. Please click the links below to see some of the pre-tariff offers.
- Owners of late-model vessels may find this an opportunistic time to sell pre-tariff imported vessels. Our team offers complementary market appraisals to get the process underway.