President Donald Trump yesterday ordered sharp tariffs on imported steel and aluminum, which for the outdoor industry could mean higher costs for tent poles, camping stoves, skis and snowboards, and other hard goods.
Trump unveiled plans to place a 25 percent tax on imported steel and a 10 percent tax on imported aluminum, set to take effect in 15 days.
Canada and Mexico are exempt from the tariffs, for now. Canada as the leading provider of steel out of any country accounts for 16 percent of imports.
According to the Outdoor Industry Association, the move has set off worries not only about higher costs, but also retaliatory measures by U.S. trading partners and a rising possibility of a trade war.
The levies come after a U.S. Department of Commerce investigation revealed that some steel and aluminum imports posed a threat to national security. And while Trump's intention with the action was to protect domestic industries, most industries (auto, construction, brewing, etc.) will be impacted by his order.