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IPFS News Link • Tariffs

Trade War Chaos: Trump's Tariffs Crash American RV Industry

• https://www.zerohedge.com by Tyler Durdan

The industry has taken a massive blow from President Trump's tariffs on steel and aluminum and other retaliatory duties on thousands of Chinese-made RV parts, from electronics to LED lights to vinyl.

Domestic shipments of RVs to dealers have plummeted 22% in the first five months of this year, compared to the same period last year, after dropping 4% in 2018, according to the Recreational Vehicle Industry Association.

The RV industry's crisis shows how President Trump's trade war has backfired, hurting the industry he promised to protect.

Tariff-related price hikes have forced RV manufacturers to pass on costs to dealerships, which in turn the American consumer bears the brunt of the tariff, has slowed sales at dealers who are cutting orders and laying off workers.


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