Why is PII stock down 11% today?

Why is PII stock down 11% today?

Polaris (PII) stock fell over 11% after rival BRP suspended its fiscal 2027 guidance. BRP cited restructured US tariffs on steel, aluminIum, and copper, leading to a 25% tariff on imported snowmobiles. This follows President Trump's recent proclamation. Both companies compete in the same vehicle categories. BRP shares plunged 37%.

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