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Buying A New Boat In 2019? Here’s What You Need to Know About Importation Tariffs!
You’d think that the boating
world would be mostly outside of politics but, sadly, that’s not
always the case. Due to ongoing trade tensions between the US and Canada,
prices are going up on boats manufactured in the US and imported into
Canada. Part of this is due to direct tariffs on the imported boats, but
it also relates to various tariffs and other fees attached to raw materials as
So, if you’re going to be buying in 2019, you may end up
paying more. Here are the basics.
Understanding How Current Tariffs Will Affect Boat Prices
First of all, of course, all this only applies to boats
manufactured in the US and then imported. If the boat you’re looking
at is domestic, or manufactured elsewhere, this shouldn’t affect you.
The big factor here is the main boat-importation
tariff. Currently, there is a flat 10% fee on any boats coming across the
southern border from the US, and that tariff is unavoidable. On top of
that, various other material-specific tariffs can potentially increase manufacturing
prices by up to 5%. All told, that can add up to a pretty steep
boost in the prices you’ll be seeing.
Now, this doesn’t necessarily mean you can expect to pay 15%
extra. For one thing, boat dealers may choose to swallow some of those
extra fees, and simply accept a lower profit margin. This is up to
individual dealers, but many may decide it’s worth the hit to keep their prices
low. Likewise, some manufacturers may also choose not to pass on their
extra costs to the dealers.
Also, the exact cost will vary due to fluctuations in the
Finally, keep in mind that this will have NO impact on any
boats imported prior to mid-2018, nor on any used stock. So, if you’re
looking for a bargain, hunting around for older models may be the right way to
go. After all, there’s not going to be much difference between a 2017 and
a 2019 boat – aside from potentially having a price tag that’s 10% higher or
We’d suggest you do some shopping around, before buying a brand-new