Skip to main content

Polaris will consider shifting production overseas unless it gets tariffs exemption

The company's CEO expressed hope that the situation will improve soon.

The CEO of Minnesota-based Polaris has suggested the company will reluctantly have to look at shifting some of its production overseas unless it gets some relief from the ongoing tariff war between the U.S. and China.

Scott Wine told investors in a call on Tuesday that the Medina company is exposed to the 25 percent tariff implemented by President Donald Trump on a number of Chinese imports earlier this year, which affects some of the materials it uses to build off-road vehicles.

The company has applied to the Trump administration for exemptions to the trade tariffs, but if that isn't forthcoming, the company will have to consider shifting some of its manufacturing overseas.

"I mean, part of our argument has been if we don't get relief we would have to think about production moves and I think that is something that the administration doesn't want to see happening," he said. "We don't want to see it happen."

"We're really pleased and proud of our American workforce and then we want to continue to be able to support that," Wine added.

Polaris has factories in several states including in Roseau, Minnesota, with others in Indiana, Ohio, Alabama, Iowa, South Dakota and California, and international locations in Mexico, Poland, China and France.

Wine expressed optimism that the Trump administration would assess its exemption requests soon and says they're "expecting" the requests will be approved, but nonetheless is making contingencies in the event they're not.

Follow Bring Me The News on LinkedIn

He referred to the List 3 tariffs on $200 billion-worth of products imported from China – including steel and aluminum – as "the big kahuna," and Polaris is seeking exemptions on 95 percent of the tariffs.

"I don't think there is any chance that we get all of that relief, but the fact that, we get a good number there, I think potentially a really good number there, could be helpful," he told analysts.

The comments from Wine came on the same day Polaris reported positive 3rd Quarter results, with sales increasing 7 percent to $1.772 billion, and adjusted gross profits up 24.9 percent.

Next Up


Ticket details released for 5-week run of 'Hamilton' in Minneapolis

The tour of the production has been delayed twice due to the pandemic.


Minnesota Board of Pharmacy files lawsuit against 3 THC edible retailers

The board has received 46 complaints in the past four months regarding the products.

Screen Shot 2022-12-05 at 2.53.55 PM

ATF now investigating fire at Lyndale Avenue apartment building

It was the second fire at a vacant building owned by the same landlord that was being used by squatters in the past few months.


Let the good times roll

Minnesota Roller Derby is back!


Beloved restaurant in southeastern MN to close after 40 years

A final night of celebrations is scheduled for Dec. 17.


MN town shelves ordinance allowing residents to sue abortion providers

Attorney General Keith Ellison advised the town to not go forward with the ordinance.

Spring Street Tavern

Man shot dead inside Minneapolis tavern is identified

The suspect is being held on probable cause murder.

Red Hot Chili Peppers

Red Hot Chili Peppers, The Strokes to play U.S. Bank Stadium in 2023

The Strokes will provide support along with King Princess.

Mall of America exterior Tyler Vigen Wikimedia COmmons

Settlement reached between MOA, family of boy thrown from balcony

The boy suffered multiple injuries that required several surgeries.

Pixabay - police crime tape do not cross stock

Body found in burned out car near Bird Island

The Renville County Sheriff's Office is investigating.


Blaming tariffs, Harley Davidson to shift production overseas

The Wisconsin company is being hit retaliatory European Union tariffs.


Polaris to release new electric off-road vehicle in 2021, with more to come

The Minnesota-based company says it will offer an electric vehicle in each of its core product segments by 2025.

Polaris to buy America's biggest pontoon maker for $805M

Boat Holdings is the owner of brands including Bennington and Hurricane.

Target tells its suppliers to eat the cost of China tariffs

It doesn't want to increase prices for consumers.

economy, stocks, stock market

Podcast: Trade war taking toll on Minnesota companies, farmers

U of M Professor Timothy Kehoe talks trade tensions on the Dialogue Minnesota podcast.


Polaris issues 'stop ride/sale' order on 230,000 snowmobiles

The company said it concerns three of its models.

Polaris gets $27M fine over off-road vehicle recalls

Oh – and it's just issued another recall.