New Tariffs Reintroduce Market Uncertainty
August 8, 2025
In the U.S. and abroad, marine industry leaders voice concern about the continued upheaval.
In the U.S. and abroad, marine industry leaders voice concern about the continued upheaval.
The Trump Administration announced dozens of new trade levies that take effect Aug. 7, including 35% on Canadian goods.
The agreement sets a baseline tariff of 15% on European goods and includes concessions for E.U. members.
The Soundings Trade Only Group will host a free, virtual session to provide insights into the shifting global policy landscape.
In a letter posted on social media, President Trump said the levies will take effect Aug. 1.
New tariffs include levies against eight more countries, a 50% tariff on Brazil and an across-the-board 50% tariff on copper.
The levies against 14 trading partners, ranging from 25% to 40%, will take effect Aug. 1 unless deals are secured.
Canada’s withdrawal of the digital services tax on U.S. tech companies is a hopeful development. “Canada really matters when we’re talking about U.S. boat and engine exports.”
An appeals court has paused a ruling earlier this week that voided sweeping tariffs enacted by the Trump administration.
A federal court yesterday ruled that President Trump did not have the authority to impose punishing tariffs on U.S. trading partners.
In the U.S. and abroad, marine industry leaders voice concern about the continued upheaval.
The Trump Administration announced dozens of new trade levies that take effect Aug. 7, including 35% on Canadian goods.
The agreement sets a baseline tariff of 15% on European goods and includes concessions for E.U. members.
The Soundings Trade Only Group will host a free, virtual session to provide insights into the shifting global policy landscape.
In a letter posted on social media, President Trump said the levies will take effect Aug. 1.
New tariffs include levies against eight more countries, a 50% tariff on Brazil and an across-the-board 50% tariff on copper.
The levies against 14 trading partners, ranging from 25% to 40%, will take effect Aug. 1 unless deals are secured.
Canada’s withdrawal of the digital services tax on U.S. tech companies is a hopeful development. “Canada really matters when we’re talking about U.S. boat and engine exports.”
An appeals court has paused a ruling earlier this week that voided sweeping tariffs enacted by the Trump administration.
A federal court yesterday ruled that President Trump did not have the authority to impose punishing tariffs on U.S. trading partners.
