The tariffs have placed the powersports industry in turmoil… but is the sky really falling? Motorcycle Industry Council VP Scott Schloegel sets the record straight this week, however many may have missed this landmark session, so the recording of the MIC’s special webinar on tariffs and a growing global trade war is now available for anyone to view. The presentation slide deck is also online. MIC is calling on leaders and staff from across powersports to write to their Representatives and Senators in Congress, tell them how increased taxes and retail prices will affect their livelihoods, and invite lawmakers to their businesses to discuss the impacts of tariffs in-person.
“Members of Congress, they are the ones who really need to understand what that impact is,” said Scott Schloegel, MIC Senior Vice President of Government Relations. “Each member of Congress is looking at his or her district, and if a member comes in and says to the President, ‘This is what’s happening in my district, this is not good, this is costing us jobs in my district,’ the President is eventually going to listen to that.”
Schloegel was joined during the webinar by Tori Smith, a trade and tax specialist from government and public affairs advocacy firm Forbes Tate Partners. Together, they discussed how tariffs work, what led to today’s standoffs, how the tariffs differ from those during President Trump’s first term, the current state of play and retaliation among nations, and more.
“It’s really a giant game of chicken between the United States and China and someone is going to have to swerve – otherwise there will be a crash and both economies will be worse off,” Smith said. “And right now, it really feels like we’re getting close to that. We’re doing things that are inflicting harm on ourselves. And China, through their retaliation, they’re doing things that are inflicting harm on their own economy as well.”
The full recording is now available to watch on MICSymposium.com
