What Will 20/25 Percent Taxes on Imports Mean for the powersports Industry? Even if you can’t make it to the Motorcycle Industry Council’s Washington, DC Fly-In, your voice still needs to be heard! MIC is calling on powersports manufacturers, distributors and dealerships to email the Government Relations Office at MICGR@MIC.org about what this year’s trade war will mean for their businesses. Recently, President Trump imposed 25% tariffs on Mexican and Canadian imports and doubled the tariff he placed last month on Chinese products to 20%.
“We need to hear from our MIC members and from leaders across powersports about what these new taxes will do to their businesses,” says Scott Schloegel, MIC Senior Vice President of Government Relations. “As a result of the 20% China tariff, we have heard that at least one member company will need to stop selling certain vehicles in the U.S.” The tariff would mean they would lose money on each unit sold.
“There also may be no tariff exclusions we can carve out for powersports imports as we’ve done in the past, so please let us know how the full tariff amount would impact your bottom line. A wide range of products may simply be 20% or 25% more expensive for powersports companies – and for our customers. Hearing from powersports companies and dealerships can help our efforts against tariffs right now, and as we meet with members of Congress during our upcoming Powersports Capitol Hill Fly-In.”
