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BERKELEY, Calif. (BRAIN) — At least a handful of major suppliers to Wrench Science have received emails from the retailer informing them of an impending closure.
WASHINGTON (BRAIN) — President Donald Trump on Friday reversed the step he took on Monday to close the de minimis loophole, which allows packages valued at less than $800 to enter the U.S. duty free.
LONGMONT, Colo. (BRAIN) — Dirtlabs Suspension service now will offered at REI Co-op bike shops nationally.
STOCKHOLM (BRAIN) — Thule Group net sales for the fourth quarter increased 7.2% year-over-year thanks to revenue from Thule's recent acquisition, Quad Lock.
SAN MATEO, Calif. (BRAIN) — GoPro revenue decreased 32% year-over-year in the fourth quarter and 20% in 2024 with its founder and CEO saying the action camera brand intends to reduce expenses this year.
WASHINGTON (BRAIN) — The bike industry is closely watching new legislation introduced in the House, which would give the president a powerful weapon in negotiating trade agreements with every nation on the globe.
By Bob Lickton
WASHINGTON (BRAIN) — After steep declines in 2022 and 2023, the number of non-electric bikes imported last year increased 16.7% to 11.1 million units, according to import statistics released Wednesday.
STOCKHOLM (BRAIN) — MIPS reported fourth-quarter net sales increased 58% year-over-year and yearly net sales by 35% as the helmet technology company's bike sub-category showed revenue growth for the fifth consecutive quarter.
Welcome to 2025. President Trump and Congress are back. The talk of tariffs is everywhere right now – from boardrooms to newsrooms – and perhaps finally one tariff may finally receive the scrutiny it deserves. The delay on this one tariff may be because of its name – de minimis.
GRIMSBY, United Kingdom (BRAIN) — LeMond Carbon UK is planning a facility here to make carbon fiber wind turbine blades and pressure vessels for hydrogen storage.
WASHINGTON (BRAIN) — The specialty market has been moving out of China rapidly, but the U.S. still imports lots of e-bikes and juvenile bikes from China, and relies on components for bike assembly in other nations. Canada and Mexico don't export many bike products to the U.S., but new tariffs — and retaliatory tariffs — could be burdensome to some.
WASHINGTON (BRAIN) — The import threshold exemption cited most often as a loophole for allowing e-bikes and lithium-ion batteries to enter the U.S. marketplace without scrutiny no longer will apply to those products valued at under $800 coming from China beginning Tuesday.
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