Chris0nllyn
Well-Known Member
The last few years have been great for our industry. And, thanks to President Trump’s historic tax reform, our outlook was even better.
These hard-and-fast tariffs are unfairly punishing manufacturers like Correct Craft, where we exclusively use U.S. aluminum, even though more than 90 percent of aluminum used in the U.S. by American boat makers is sourced from domestic mills. This is because the administration’s tariffs have distorted the global market, driving up the price of domestic aluminum by 20 to 30 percent. This is bad news for our company, our workers, and our industry.
https://www.washingtonexaminer.com/...s-boat-manufacturing-industry-and-its-workersCanada, Mexico, and the European Union — which account for 69 percent of total recreational boating exports and the majority of Correct Craft’s foreign sales — have implemented retaliatory tariffs of 10 percent, 15 percent, and 25 percent respectively. These new tariffs are going to make it more difficult to sell boats around the world — and this puts the industry’s $1.8 billion in recreational boat and engine exports and the jobs of Americans in jeopardy.
Stack-On Products plans to lay off 128 people at its facility in north suburban Wauconda and 25 people at its McHenry plant when it closes both facilities Oct. 12, said Al Fletcher, human resources director for Alpha Guardian, the Las Vegas-based parent company.
http://www.chicagotribune.com/busin...stack-on-tariffs-0815-biz-20180814-story.html“The operation is really not profitable,” Fletcher said. He said the decision to relocate operations to Juarez, Mexico, was made about two months ago when President Donald Trump announced tariffs on numerous goods and materials from China as well as other countries, to reduce what the president has called an unfair trade deficit.
“Mr. Trump is part of this,” Fletcher said. So far, the United States has imposed tariffs on $34 billion of Chinese technology goods and $3 billion of Chinese steel and aluminum, and has proposed another $16 billion.