Trade war escalates with possible tariffs on more outdoor products
Backpacks and sports bags, gloves, and bikes are on the list this time.
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The Office of the United States Trade Representatives has threatened to impose another $200 billion in retaliatory tariffs on goods imported from China. The move is the latest in a long string of tit for tat that could lead to higher prices for outdoor gear.
This week, the office released a new list of products, including backpacks and sports bags, bikes, and some leather goods that could face an additional 10 percent tariff on top of current import tariffs as high as 20 percent. Apparel and footwear have remained off the list.
Steel and aluminum imports are also subject to new tariffs. Read what brands have to say.
“The United States has already imposed $34 billion worth of tariffs on imports from China, with an additional $16 billion likely to follow,” said Rich Harper, Outdoor Industry Association’s international trade manager. “This latest list would bring the tariffs to a total of $250 billion. China has imposed tariffs of its own on U.S. exports and has promised to respond in kind to any additional rounds of U.S. tariffs.”
A public comment period on the list of products is open through August 17 with a public hearing taking place from August 20 to 23 in Washington, D.C. The final list of products subject to a 10 percent tariff will be released at some point after August 30.
Are you a brand that’s potentially impacted? Tell us your story by emailing snewsedit@aimmedia.com.
