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Article Date: June 2019
Word Count: 752

With Tariffs Looming, Outdoor Industry Faces Uncertainty


The OIA calculates that in the 12 months leading up to the May increase in tariffs that affected a handful of industry products, it paid $1,742 million in tariffs compared to $654 million in the prior year. But if the Trump administration follows through on its threat to impose 25% tariffs on virtually everything that the outdoor industry imports from China, it will mean that an already heavily taxed industry will see an extra $1.5 billion per month in tariff costs.

 

There are a few tricks that can help minimize tariffs, and certainly there will be absorption of the increased costs ... Log in to view full article.

 


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