Posted September 12, 2019 12:29 pm by Comments

By Ammoland

Trade Deficits

Outdoor Industry Association, members including Nemo Equipment, VF Corporation, Nester Hosiery, Columbia Sportswear visit D.C.to urge Congress to help resolve U.S.-China trade war.

July: Outdoor Businesses Paid $1.8 Billion in Tariffs in U.S.-China Trade War

BOULDER, Colo., – -(AmmoLand.com)- America’s outdoor recreation businesses have paid $1.8 billion more in tariffs over the last eleven months (Sept 2018 to July 2019) compared to the previous period a year ago on affected outdoor products.

New data compiled and analyzed by the Trade Partnership includes the toll of tariffs on a variety of outdoor recreation equipment including backpacks, camp chairs, leather ski gloves, kayaks and bicycles, which are saddled with the 25 percent punitive tariffs, causing the average tariff rate on outdoor equipment to more than double compared to the previous year. Since the start of the trade war with China last year, outdoor industry companies have paid nearly three times the number of tariffs on outdoor products hit with Section 301 China tariffs for a total of $2.8 billion.

“The trade war is wreaking havoc on the American outdoor industry, among many others,” said Patricia Rojas-Ungar, vice president of government affairs at Outdoor Industry Association.

“As we have said before, the numbers do not …Read the Rest

Source:: AmmoLand

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