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Trump's 50% tariffs on Canadian hockey gear threatens to drive up costs
AP News • • business
Key Points:
- Hockey equipment prices are rising significantly due to inflation and new 50% tariffs imposed by the U.S. government on Canadian imports, affecting gear such as helmets, chest protectors, sticks, and skates.
- Despite Canada accounting for a modest share of hockey equipment imports (around 8.5%), the tariffs on Canadian-made goods are expected to increase costs, potentially impacting families and participation in the sport.
- Major manufacturers initially absorbed tariff costs but may now pass them on to consumers, leading to higher prices; long-term tariffs could prompt companies to relocate production outside Canada.
- The Sports & Fitness Industry Association warns that these tariffs could hinder the recent growth in hockey participation in the U.S., which has increased by 7% over the past three years due to various promotional efforts.
- Canadian producers like Roustan Hockey remain committed to domestic manufacturing despite challenges, while trade negotiations may influence the duration and impact of the tariffs.
