Tourism Holdings Moves to Offset Canada's 25% Auto Tariff; Shares Up 3%

MT Newswires Live

Apr 09, 2025

Tourism Holdings (ASX:THL, NZE:THL) is relocating a portion of its existing US rental fleet to Canada ahead of the tariff implementation, according to a Wednesday filing with the New Zealand and Australian bourses.

Responding to Canada's 25% tariff on non-Canadian/non-Mexican content in the Canada-US-Mexico Free Trade Agreement-compliant fully assembled vehicles, the company said its recreational vehicles (RV) already in Canada, bought pre-tariff, may rise in value, but its impact on financial results is uncertain for now.

The company said it typically sources 100% of its Canadian RV fleet from manufacturers in the US.

The company is fast-tracking the delivery of 2025 builds and shifting some US rental fleets to Canada before tariffs kick in, the filing said.

The company's Kiwi and Australian shares rose 3% in recent Wednesday trade.

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