ELKHART, Ind. - Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading U.S. manufacturers of high-end recreational vehicles. She’s buried in bad news from most of her about 350 suppliers.
And yet this uniquely American manufacturing sector has been caught in the crossfire of Trump’s trade war, according to interviews with industry insiders and economists, along with data showing a steep sales decline amid rising costs and consumer prices. The industry has taken hits from U.S. tariffs on steel and aluminum and other duties on scores of Chinese-made RV parts, from plumbing fixtures to electronic components to vinyl seat covers.
Michael Hicks, a Ball State University economist who tracks the industry, said its decline is far worse than he or other analysts expected and could signal a wider economic downturn. RV shipments have fallen sharply just before the last three U.S. recessions. “The tariff price increases are what tipped the RV business — it started the landslide, no question,” said Tom Bond, the materials and purchasing manager at Adnik Manufacturing, an Elkhart-based division of Norco Industries that has been hit with higher costs on metals it uses to make components such as seat frames.
The cost of metals surged dramatically after sweeping tariffs on steel and aluminum were imposed last year. Those prices have since moderated, but manufacturers say many of the price increases on the metal parts they buy haven’t gone away.
TimAeppel Oh well.
TimAeppel Leave RVs alone!
TimAeppel Sending Indiana RV maufacturers thoughts and prayers as their businesses close while they wait for Ttump's policies to help them.
TimAeppel 'You're going to be tired with all the winning' I recall someone else using that 'winning' slogan, wasn't very stable at the time either.
TimAeppel Tariffs and trade wars always hurt the consumer. Trumps tariffs will cause a 25% increase in everything we buy. But his followers love paying more.
TimAeppel I’m sure the RV industry in Indiana, Pences home state, are exempt from the tariffs.
TimAeppel YEA Trump supporters...tariffs are great.
TimAeppel The motto is if you’re going to screw something up don’t be half-ass about it.
TimAeppel Guy has lost his gray matter