The European Union (EU) has announced a 90-day suspension of its planned countermeasures against US tariffs
The decision follows President Donald Trump’s move on April 9 2025 to pause the implementation of certain tariffs applicable to countries not currently imposing retaliatory measures against the United States.
The move is being seen as a potential easing of trade tensions between the two economies.
“We want to give negotiations a chance. While finalising the adoption of the EU countermeasures that saw strong support from our Member States, we will put them on hold for 90 days,” explained EU Commission president Ursula von der Leyen as she made the announcement.
A 10% universal tariff rate is still in effect for all US trade partners except China, where the administration raised tariffs on imports to 125%, with some US manufacturers potentially facing duties as high as 150%.
The announcement is seen as a constructive step forward in resolving the trade dispute that has had an impact on the recreational boating industry.
Recreational boating is a cornerstone of American manufacturing.
Frank Hugelmeyer
“The National Marine Manufacturers Association (NMMA) welcomes President Trump’s decision to temporarily suspend country-specific tariffs for most trading partners,” said NMMA president and CEO Frank Hugelmeyer.
“This pause provides the administration and policymakers with a critical window to move a pro-growth agenda that includes tax and regulatory reform, and a thoughtfully balanced and nuanced trade agenda that addresses the specific needs and challenges faced by manufacturers in vital industries such as recreational boating.”
He added: “Recreational boating is a cornerstone of American manufacturing, directly supporting more than 812,000 US jobs and contributing $230 billion annually to the nation’s economy.
“With small businesses comprising 93% of boat builders, and American-made boats accounting for 95% of boats sold in the US, it is imperative that trade policies protect and foster the growth of this uniquely American sector.”
However the NMMA cautions that as global trade policy continues to evolve, the recreational boating industry continues to face near-term trade uncertainty.
The organisation points out that the 90-day pause on country-by-country tariff offers relief and the opportunity for negotiation, but manufacturers remain concerned about pending EU duties and future escalations.
