BRP Finds Tariff Relief, for Now, Through Rate Cuts and Redesigns
Dow Jones
Yesterday
1122 ET - BRP's tariff situation remains a complex headwind, but operational adaptations and target rate relief are reducing the financial burden. Full-year net exposure is now expected at C$200 million, down from earlier estimates. The Ski-Doo and Sea-Doo maker says Section 232 ATV duties dropped to 15% from 25%, and BRP strategically engineered new utility models that avoid those tariffs entirely. However, new Section 338 duties impose a 50% tariff on BRP's Canadian-made Spyder 3-wheelers. Because most fiscal 2027 units were shipped to the U.S. before enforcement took effect, "we'll have an impact next year," CFO Sebastien Martel says.
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