New tariffs on outdoor gear might hit recreation industry hard
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“It’s going to have a huge impact (on the outdoor recreation industry),” Nick Sargent, director of the Snowsports Industries of America, told KSL.com. “For example, if a retailer buys a $100 pair of gloves with a 25 percent tariff on top of that, now they have to pay $125. That’s going to have a huge impact on the retailer who is going to be buying that product from the wholesaler.”
“The consumer then has to make a decision— do I need it or can I live without it? If they can live without it that retailer is going to have a hard time selling that product,” he continued. “If they get to the end of the season and still have a ton of that product, they’re going to have to close it out.”
https://www.ksl.com/article/46554965...-industry-hard