Outdoor companies help turn tariff turmoil around
Two relatively small outdoor companies are among the businesses that helped defeat the Trump administration over tariffs.
A ruling from the Court of International Trade on May 28 said that President Donald Trump lacked the authority to impose sweeping tariffs on most imports into the US and ordered their removal. The administration has said it will appeal.
Twelve US states filed complaints against the imposition of new tariffs on imports, most of which President Trump presented in an announcement on April 2.
Five businesses also filed formal complaints against the measures and were among the parties named as winners in the Court of International Trade’s ruling. Two of these businesses are part of the outdoor industry.
One is Vermont-based brand Terry Precision Cycling, which specialises in apparel for women cyclists and saddles for everyone. It told the court that the April 2 announcements had quickly cost it $25,000 in unplanned tariffs on goods for which it was the imported or record. Its projections suggested that its total extra costs for this year would reach $250,000.
Another of the plaintiffs was FishUSA, a Pennsylvania-based hub for fishing equipment, including baselayer garments, T-shirts, jackets and boots.
It told the court that the tariff announcements had caused it to delay shipment of some products from China owing to “the unpredictability of the tariff rate” that it would face on receiving those goods. It said it had also cancelled the production of some of the goods it imports.
FishUSA said the situation was likely to inhibit business growth.
Image: Terry Precision Cycling.
