Yet the companies whose products that are really made in America (not assembled with foreign components) are pleased and so is the majority of the American mfg workforce including unions.
People don't realize how much still falls under USMCA. For example most BRP's made in Canada or Mexico will be free of tariffs. There will be some limited exposure because of some materials but the vehicles themselves are exempt. They estimate a $40 million impact on $2.1 billion in sales (1.9%). Recreational motorsports and other products face much greater challenges than tariffs......lower demand.
The problem with many industries including my own is the new baseline set after the COVID demand spike. That wasn't real so to speak but now everything is measured off it because that's how business works.
https://finance.yahoo.com/news/ski-doo-maker-brp-expects-114900869.html
So far all of BRP’s vehicles produced in Canada and Mexico are compliant with the United States–Mexico–Canada Agreement and exempt from President Donald Trump’s additional 25% tariffs on imported goods from the countries, Martel said in a recent earnings call.
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Pelle15 Newest Member ·