Tariffs on imports from China shot up to 25 percent from 10 percent last week.

On Friday, the Trump administration raised tariffs on imports from China from 10 percent to 25 percent—a major hit for some companies. The list of imports includes various outdoor goods, such as backpacks and sports bags, leather gloves, headwear, camp stoves, bikes parts, and more. The president has also threatened to impose tariffs on another $325 billion of goods, so essentially all imports from the country.

"We know that increased tariffs will lead to higher prices, passed from manufacturers to retailers, and ultimately to consumers," Snowsports Industries America President Nick Sargent said. "This is not a pro-growth strategy. [SIA] feels strongly that if the list three tariffs are enacted, we’ll see our local retail businesses suffer the most so we strongly urge the Administration to continue discussions to avoid this reactive and dangerous approach."

As we follow this topic closely, we want to know: How is your business impacted?

If you want to weigh in on the next story about tariffs, email us at snewsedit@aimmedia.com.

Related

Trump moves forward with DAPL, Keystone XL pipelines.

Trump delays raising tariffs

President Donald Trump's truce with China is welcomed news in the outdoor industry. During a dinner on Saturday, Trump and Chinese President Xi Jinping agreed to hold off on raising tariffs on each other's goods come January while they continue to negotiate intellectual property ...read more