Brave new world: How might US tariffs affect the yachting industry?

The latest set of US trade measures came into effect this past weekend (5 April), beginning with a 10 per cent baseline tariff on nearly all imported goods. Following this, the White House plans to introduce varied "reciprocal tariffs" on 9 April against a host of its global trading partners, sparking widespread concerns of an escalating trade war that could tip the world over into a recession.