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Jet-Ski Maker Crashes Most On Record As "Mind-Blowing" Tariff-Hit Sparks Worst-Case Scenario Fears
Jet-Ski Maker Crashes Most On Record As "Mind-Blowing" Tariff-Hit Sparks Worst-Case Scenario Fears
BRP's US-listed shares crashed the most on record as the US cash session began, after the jet ski and snowmobile maker withdrew its financial outlook.
The company warned that changes in the US tariff environment surrounding steel, aluminum, and copper could result in a $500 million hit before any mitigation efforts.
BRP wrote in a statement:
For BRP, the amendment mainly leads to a 25% tariff on the total value of imported snowmobiles and the majority of ORV models, replacing the...
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