Tariffs
DULUTH, Ga. (BRAIN) — Fox Factory produced sales increases across all three of its divisions in the second quarter, with sales in its Specialty Sports Group — which includes its bicycle-related brands — up 11% over the same period last year.
WASHINGTON (BRAIN) — Bicycle imports fell 11% in value in the first half of 2025, according to figures released by the Census this week. As the industry attempted to respond to tariff news out of Washington, its source nations changed significantly.
WASHINGTON (BRAIN) — New tariffs affecting nearly every U.S. trade partner were announced by the White House hours before the Friday "reciprocal" tariff deadline, including major bike supplying nations. The tariffs will take place Aug. 7, with the exception of Canada.
WASHINGTON (BRAIN) — President Trump signed an executive order that will eliminate the $800 import threshold for goods from all countries beginning Aug. 29, including e-bikes, lithium-ion batteries, and related bike parts and accessories that are often hazardous.
WASHINGTON (BRAIN) — A preliminary trade deal between the European Union and the United States would set tariffs on European products at levels not seen since before the Great Depression. But the 15% tariff announced over the weekend is a reduction from the 30% that the Trump administration had been threatening.
UTICA, N.Y. (BRAIN) — eBliss Global plans to invest more than $4.1 million in an e-bike assembly and logistics factory here, the company announced Wednesday.
CHICOUTIMI, Québec (BRAIN) — Some two hours north of the city of Québec, along the Saguenay River, is the so-called “aluminum valley,” a region that produces around a third of Canada’s aluminum, thanks to ample hydroelectric power.
WASHINGTON (BRAIN) — Legislation introduced in Congress this week would eliminate tariffs on components used to assemble complete bikes in the U.S., long a major concerns of bike brands looking to add value in the U.S. without making the full step toward frame manufacturing.
WASHINGTON (BRAIN) — China-made helmets and bike trailers with aluminum frames will remain exempt from a 7.5% Section 301 tariff until at least the end of August.
MANNING, S.C. (BRAIN) — Kent International will lay off 64 workers at its Bicycle Corporation of America facility here, effective June 25. The company has filed a notice with the state of South Carolina on the layoffs, saying it was due to the "permanent closure" of the facility.
DULUTH, Ga. (BRAIN) — Fox Factory saw first-quarter year-over-year sales growth across its three divisions, including a 6.6% increase in sales in its Speciality Sports Group, which contains its bicycle and baseball/softball brands. Company-wide the growth exceeded estimates.
(BRAIN) — Halfway into the Trump administration's 90-day grace period, U.S. retailers and suppliers are grappling with how to account for their increased import costs.
SALT LAKE CITY (BRAIN) — Rotor America, Inc, the North American subsidiary of Spanish bike part manufacturer Rotor Bike Components, has announced they will be closing their doors effective June 15.
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