Tariffs

DEAUVILLE, FRANCE--Americans' plans for the Arqana sale were understandably shaken up when U.S. President Donald Trump made good on his threat to impose tariffs on the European Union and others in early August, meaning that French-bred horses purchased here-like all French products imported to America--would be subject to a 15% surcharge when they are brought back into America. Several buyers are deciding to break, train and race their horses in Europe instead, while others will brave the fee and come back to the U.S. On the final day of the...

DEAUVILLE, FRANCE-- When U.S. President Donald Trump made good on his threat to impose tariffs on countries around the world on August 1-including a 15% tax on goods coming into America from the European Union-markets across the world shuddered. In the bloodstock world, the first to be affected will be the Arqana August Sale, which starts this Saturday, August 16. An Arqana-sponsored plane full of Americans arrived Wednesday morning from Saratoga, and the TDN spoke with some of those who came over, and others who stayed home, and international buyers...

The massive-scaled, $455-million rebuild of Belmont Park that is on target to be finished by September 2026 is thus far unaffected by skyrocketing tariffs on steel and aluminum, although New York Racing Association (NYRA) executives told the New York State Franchise Oversight Board (FOB) during a Friday meeting they are being vigilant about monitoring the situation. NYRA and FOB personnel have good reason to be on high alert about concerns over potential cost overruns: On June 4, President Donald Trump doubled United States tariffs on steel and aluminum imports to...

There are more than three weeks to go before the running of the GI Kentucky Derby, but it wasn't too early for the TDN Writers' Room Podcast team to dive into last weekend's preps and look ahead to the first Saturday in May. The podcast is presented by Keeneland. The team of Randy Moss, Bill Finley and T.D. Thornton, all thought the best race of the week was the GI Santa Anita Derby, won by Journalism (Curlin). He overcame trouble to win the race and earned a solid 102 Beyer...

There are more than three weeks to go before the running of the GI Kentucky Derby, but it wasn't too early for the TDN Writers' Room Podcast team to dive into last weekend's preps and look ahead to the first Saturday in May. The Gainesway Guest of the Week was TDN European and International editor Emma Berry, who talked about how Donald Trump's proposed tariffs might affect European and U.S. racing.

by Sue Finley and Dan Ross Few commercial sectors appear immune from the current administration's sweeping import tariffs, and that includes horse racing's biggest Saturday of the year, with Japan's participants in the GI Kentucky Derby potential targets of the trade war. Stressing a general air of uncertainty surrounding the tariff specifics, Matt Haug, general manager of International Racehorse Transport (IRT), said that, as he and his customs broker understood the situation, the Japanese-trained Luxor Cafe (American Pharoah) is exempt from any tariff being a U.S.-bred runner. For foreign-bred horses--like...

When President Donald Trump announced sweeping updates to the United States' global tariff structure Wednesday evening, there was some good news for the Thoroughbred racing industry, according to an analysis by the Canadian Thoroughbred Horse Society of the fact sheet which accompanied the announcement. Horses eligible under the USMCA (United States-Mexico-Canada Agreement) will continue to cross the U.S.-Canadian border duty-free, according to the CTHS. As outlined in the fact sheet: "For Canada and Mexico, the existing fentanyl/migration IEEPA orders remain in effect, and are unaffected by this order. This means...

The tariffs that will be placed on goods coming into the U.S. from Canada, and elsewhere, don't go into effect until Apr. 2. But they're already producing dire forecasts for what they will mean for the Canadian breeding industry. For instance, if someone brings a Canadian-bred to a U.S. yearling sale, the purchaser will have to pay a 25% tariff on top of the purchase price. That will probably mean that the Canadian breeder will disappear from the U.S. sales. No one has paid closer attention to this situation than...

On this week's TDN Writers' Room, owner and breeder David Anderson discusses the potential impact of tariffs on the Canadian Thoroughbred industry.

Though still weeks from being potentially enacted, the threatened 25% blanket tariff on all Canadian goods entering the U.S. is causing some Canadian-based owner-breeders to sound the alarm about the possible impacts to their businesses and to the country's broader industry. "For us, it could be the end of the industry. Period," warned Yvonne Schwabe, the owner of Persley Den Farms in Acton, Ontario, and the breeder of 2013 Queen's Plate winner Midnight Aria. "That's the scary part." As currently outlined, the tariffs are scheduled to go into effect on...

In anticipation of the 25% blanket tariff on all Canadian goods entering the U.S. expected to be enacted April 2, the Canadian Thoroughbred Horse Society (CTHS) has issued an advisory to its members, aiming to provide some clarity to a fluctuating and often confusing situation. Already this week, the U.S. government enacted a 25% tariff on Canadian steel and metal imports. "This could very well change at any moment given whatever the will of the president is," warned Tom Rooney, president and chief executive officer (CEO) of the National Thoroughbred...