Tariffs
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.
LONG BEACH, Calif. (BRAIN) — ACT Lab is offering new pricing programs for its independent third-party testing services that include ISO/IEC 17025 certification for consumer product compliance, including e-bikes.
BOULDER, Colo. (BRAIN) —PeopleForBikes is preparing a letter to President Trump asking for tariff relief on behalf of its 340 U.S. coalition members of manufacturers, suppliers, and distributors.
FAIRFIELD, N.J. (BRAIN) — Kent International would likely suspend production at its South Carolina bike factory later this year if the Trump administration does not reduce tariffs on Chinese imports, Kent Chairman Arnold Kamler said.
MONTEREY, Calif. (BRAIN) — reTyre claims its blackwalled tires are at least as durable as regular tires, offer the same traction and are considerably lighter. And they can be easily manufactured close to bike factories — even in the U.S.
PHOENIX (BRAIN) — State Bicycle Co. announced on its website that an 8% "tariff recovery fee" is being applied to its products at checkout while warning it expects bike and component shortages for high-demand models similar to early pandemic levels.
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