Snow Sports Industry To Fight Proposed Tariffs

Snow Sports Industry To Fight Proposed Tariffs


GOING TO TAKE SCIENTISTS TIME TO DETERMINE WHETHER THERE’S ANY CONNECTION TO FRACKING OPERATIONS. WE KNOW SNOW SPORTS ARE A HUGE PART OF OUR COLORADO ECONOMY, AND NEXT WEEK PEOPLE IN THE INDUSTRY WILL HEAD OFF TO WASHINGTON DC TO SPEAK OUT LOUDLY AGAINST PRESIDENT TRUMP’S LATEST ROUND OF PROPOSED TARIFFS. PRODUCTS THAT COULD FACE A POTENTIAL 25 PERCENT TARIFF INCLUDE SPORT BAGS, KNIT HATS, SAFETY HELMETS, AND SKI GLOVES. OUR KAREN MORFITT FOUND THAT GOLDEN IS A HUB FOR A GLOVE COMPANY THAT SALES ALL OVER THE WORLD, AND KAREN, THE BOSS TELLS YOU THEY’RE ALREADY BRACING FOR THE CHANGE. REPORTER: JIM, HE SAYS CONSUMERS SHOULD PROBABLY START DOING THE SAME. IF THAT INCREASE IS PUT INTO PLACE HE SAYS IT’S THE PEOPLE THAT USE THE PRODUCTS THE MOST THAT ARE GOING TO FEEL IT THE MOST. IT’S GAME CHANGING. REPORTER: FOR 13 YEARS DEANO HAS RUN THIS GLOVE COMPANY HUB IN GOLDEN. WE LOVE OUR LOCATION HERE IN COLORADO, AND IT’S ESSENTIAL TO THE SKI INDUSTRY. REPORTER: THEY SELL SKI GLOVE, WORK GLOVES, AND A HIGH END FASHION LINE. MOST ARE MADE OF LEATHER. IT FALLS UNDER THE TARIFF CODE. REPORTER: HE’S TALKING ABOUT THE PRESIDENT’S PROPOSAL ON A 25 PERCENT TARIFF ON U.S. IMPORTS FROM CHINA, INCLUDED ON THE LIST IS EVERYTHING FROM WINTER HATS TO SKI HELMETS AND GLOVES. NICK SERGEANT, IS PRESIDENT OF THE SNOW INDUSTRY ASSOCIATION SAYS AN INCREASE OF THAT SIZE WOULD BE A HUGE BLOW. OUR GOAL IS TO TAKE THESE PRODUCT CATEGORIES AND REMOVE THEM FROM THE TARIFF LIST AND GET THEM EXCLUDED. REPORTER: WHILE HE AND OTHER REPRESENTATIVES PREPARE TO TESTIFY AGAINST IT IN WASHINGTON, BUSINESS OWNERS SAY IF IT CAN’T BE STOPPED, THEY’LL HAVE TO INCREASE THE COST TO CONSUMERS. ASKING ANY COMPANY TO ASSUME OR ABSORB A 25 PERCENT INCREASE IS FLEXION TO IMPOSSIBLE. WE DON’T — IS NEXT TO IMPOSSIBLE. WE DON’T HAVE THAT KIND OF PROFIT MARGIN. REPORTER: NOW BEFORE A DECISION IS MADE ON THE FINAL LIST OF PRODUCTS, THE U.S.

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