South Africas boat-building industry has been described as a story of passion, excellent designs and top-notch quality, but recently with the added moniker of uncertainty after US President Donald Trump slapped an import duty of 30 on nearly all imports from SA to the US.
This makes a huge difference for an American who ordered a 1 million yacht from a SA shipyard a few months ago they suddenly have to pay another 300 000.
Vanessa Davidson, director of BlueCape, an economic development forum that aims to grow Cape Towns ocean economy, says that initial indications suggest the new trade tariffs will impact the industry severely.
