RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Trump Announces Tariffs at the End of Today's Press Conference

Thu Mar 1, 2018

151992480193797.pngAfter a morning of going back and forth on announcing tariffs on imported steel and aluminum, President Trump shouted out the answer that he is going ahead with the plan at the end of a media availability Thursday, according to a story in the Washington Post.

“President Trump on Thursday said he has decided to impose punishing tariffs on imported steel and aluminum in a major escalation of his trade offensive, disappointing Republican congressional leaders and inviting retaliation by U.S. trading partners, the Post says. “Speaking at the White House, the president said he has decided on tariffs of 25 percent for foreign-made steel and 10 percent for aluminum.”

RV News is currently updating this story with industry response.

Meanwhile the one quote from the president, according to the Post, appeared to be:
“We’ll be signing it next week. And you’ll have protection for a long time in a while,” the president said. “You’ll have to regrow your industries, that’s all I’m asking.”
Investors appeared shaken by the news. The Dow Jones Industrial Average fell around 500 points, a loss of 2 percent, in early afternoon trading.