US yacht industry thrown into turmoil by tariffs, crew crackdowns: 'My client is canceling his order'

The yacht industry is facing significant challenges due to steep tariffs imposed on imports, particularly from the EU and China. American buyers now face prices that can soar dramatically, leading to cancellations of new orders. Brokers report tightened negotiation margins, meaning manufacturers are not absorbing these extra costs, resulting in sticker shock for potential yacht owners. Coupled with a post-pandemic market slump, these factors have made luxury yacht ownership much less appealing than before.

Thanks to the recent clamp-down on unauthorized workers and a clamp up on tariffs, owning a yacht is not as much fun as it used to be.

With 60 percent of the yachts sold worldwide bought by Americans, a prime market is experiencing sticker shock.

Read at New York Post