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In this July 12, 2018 photo, Bob Johnstone, CEO of MJM Yachts, sits inside an MJM boat docked in Newport, R.I. Johnstone was negotiating the sale of a 53-foot, $2.2 million yacht to a buyer in Monaco when the European Union announced a 25 percent tariff on American-made boats as retaliation for American tariffs on imported aluminum and steel. American boat makers are getting pummeled on multiple fronts by tariffs and stand to be among the industries hardest-hit in an escalating trade war. (AP Photo/Michelle R. Smith)

In this July 12, 2018 photo, Bob Johnstone, CEO of MJM Yachts, sits inside an MJM boat docked in Newport, R.I. Johnstone was negotiating the sale of a 53-foot, $2.2 million yacht to a buyer in Monaco when the European Union announced a 25 percent tariff on American-made boats as retaliation for American tariffs on imported aluminum and steel. American boat makers are getting pummeled on multiple fronts by tariffs and stand to be among the industries hardest-hit in an escalating trade war. (AP Photo/Michelle R. Smith)

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