President-elect Trump has proposed sweeping tariffs across goods coming in from Mexico, Canada, and China. And they range between 25% and 100%, with the former aimed squarely at Mexico and Canada.
Obviously, this is cause for alarm. As I've explained in other posts, tariffs only hurt the consumer, not the company, nor the companies or country of origin. Plus, those same countries have a tendency of applying retaliatory tariffs on the tariff-levying country, i.e. the United States. See what happened with US steel and Harleys in the EU last time Trump was president for proof.
Yet, though these proposed tariffs would affect Canadian powersport company BRP, which makes Can-Am, Ski-Doo, and Sea-Doo, the brand's executives aren't worried quite yet. Instead, they're apparently taking a "wait and see" approach. That's certainly one way of doing it.
