The article discusses the potential impact of a 25% tariff on horses entering the United States from Canada on Canadian breeders and owners. The uncertainty surrounding the implementation of the tariff has led to changes in breeding plans and sales strategies, with some breeders canceling contracts with Kentucky stud farms and considering selling yearlings in Canada instead of the U.S. The tariffs have the potential to disrupt the breeding season and upcoming yearling sales.
The tariffs would apply to mares and foals being exported to the U.S., with different rules for horses born in the U.S. versus those born in Canada. The National Thoroughbred Racing Association has provided guidelines on how the valuation of imported horses will work, with a focus on the declared value at the time of import. The uncertainty surrounding the tariffs has led to concerns about the impact on sales and breeding operations in both Canada and the U.S.
The tariffs could have a significant negative effect on the Canadian breeding industry, with breeders considering bringing mares back to Canada from the U.S. before the tariffs are implemented. The potential impact on racing at Woodbine is also discussed, with concerns that U.S. owners may choose to keep their horses in the U.S. rather than racing in Canada due to the tariffs. Overall, there is hope that the tariff situation will be resolved to avoid negative consequences for both the U.S. and Canadian horse industries.
