Sea-Doo Maker BRP Gets Crushed by US Tariff Changes; Shares Plunge 33%

Canadian recreational manufacturer BRP Inc. withdrew its financial outlook for the 2027 fiscal year, saying it faces a C$500 million ($363 million) cost from recent changes by the Trump administration to its tariffs.

This month, the White House simplified its tariffs on items made with steel, aluminum and copper. Certain products “substantially made” with those metals became subject to a 25% tax on their full value, rather than a 50% tax only on the metal content.