Apr. 15 at 6:40 PM
$CARR Before April 6, companies were paying a tariff on the value of steel and aluminum. Now, products made substantially
of steel, aluminum, and copper will pay a flat fee of 25% on their full value.
The difference could be stark. As an example, a car might have a ton of steel in it, generating a tariff of
$500
under the old system. Now, an imported
$30,000 car could face a
$7,500 Section 232 tariff.
"Like many manufacturers, we are operating in a highly volatile and unpredictable tariff environment that continues
to create uncertainty across the market," said BRP CEO Denis Le Vot in a news release. "Despite the material burden of
these tariff changes, we expect that, with our solid balance sheet, the agility of our teams, and the strong start of
the year, we will be able to manage our business through this challenge and continue to push BRP forward."
BRP might be able to weather the storm, but investors hate uncertainty.
