Polaris Inc. announced on March 4, 2025, that it may introduce a surcharge on some goods sold in the U.S. if the Trump administration's tariffs on imports from Mexico persist. This statement was made by CEO Mike Speetzen at an investor conference.
The company's largest factory, located in Monterrey, Mexico, accounts for one-third of its production by revenue. New tariffs on these imports would directly impact Polaris's cost structure, potentially increasing the price of its products for U.S. consumers.
Polaris has developed preliminary numbers for such a surcharge, indicating a proactive approach to mitigating the financial impact of potential trade policies. This strategic consideration highlights the company's efforts to navigate a dynamic tariff environment and protect its margins.
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