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OIA: Trump Tariffs Affect Outdoor Gear Industry

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July 14, 2018 by   Leave a Comment

The trade war with China escalated this week as the Office of the United States Trade Representative (USTR) released a new list of products from China that could face $200 billion in retaliatory tariffs, according to an alert from the Outdoor Industry Association (OIA).
 
In what could be a major blow to the $887 billion outdoor recreation economy, travel goods, including backpacks and sports bags, bikes and some leather gloves, were included on the list of products that could face an additional $10 tariff. Apparel and footwear, however, were not included on that list.
 
A public comment period on the list 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% tariff will be released at some point after Aug. 30.
 
Backpacks, sports bags, bikes and gloves – essential gear for many outdoor activities – already face import tariffs as high as 20%. Additional tariffs will only raise costs for outdoor companies and consumers and threaten the growth of the outdoor recreation economy that supports 7.6 million American jobs.
 
The United States has already imposed $34 billion worth of tariffs on imports from China, with an additional $16 billion likely to follow. 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.

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