Tariffs
The added 25% tariffs imposed on many Chinese-made goods in May are about to impact retailers and their suppliers. These unpredictable market conditions seem likely to continue, and it’s safe to say that whatever happens, prices won’t go down. What can we do about it?
OSAKA, Japan (BRAIN) — President Donald Trump, at the G20 summit in Japan Saturday, said he would hold off imposing additional tariffs on $300 billion worth of Chinese imports, a list that included those bicycle products that were not included in earlier tariff rounds, which remain in place.
WASHINGTON (BRAIN) — Days after the Trump administration's tariff on most Chinese bike products was increased from 10% to 25%, representatives from the bike industry spoke at a hearing in the nation’s capital in hopes of fending off the administration's final proposed tariff, which would apply to virtually
TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing's chairwoman, Bonnie Tu, told Bloomberg that the era of "Made in China" is over.
WASHINGTON (BRAIN) — Early in this decade, the U.S. imported bike car racks, high-end road wheels, and the occasional road bike from Mexico. As recently as 2001, the U.S. imported hundreds of thousands of bikes annually from south of the border. But more recently, Mexico has exported almost no bicycle products to the U.S.
WASHINGTON (BRAIN) — The U.S. Trade Representative is delaying by 15 days the imposition of increased tariffs on some Chinese goods.
KIRCHBERG, Luxembourg (BRAIN) — Giant Electric Vehicles has asked the General Court of the European Union for an anullment of the 24.6% anti-dumping duties it imposed on the company's China-made e-bikes in January.
BEIJING (BRAIN) — China is considering restricting the export of rare-earth magnets in response to the trade war with the U.S. A restriction could throw a big wrench into the e-bike market, because the magnets are a critical part of all e-bike motors and China controls much of the world's supply.
Spoiler: Well over $1 billion worth of bike stuff at Customs value — at least half of all bike-related imports.
WASHINGTON (BRAIN) — While the U.S. trade war with China is getting the most attention, the U.S. is also engaged with a dispute with the European Union. On Thursday, the Bicycle Product Suppliers Association was scheduled to testify against new tariffs on bike products from the EU.
BOULDER, Colo. (BRAIN) — The Outdoor Industry Association has sent a letter to President Donald Trump and trade officials, urging them to finish trade negotiations with China and lift recently imposed and proposed tariffs on Chinese imports.
FREEPORT, N.Y. (BRAIN) — The U.S. bike industry has largely become an importing industry, but some remaining U.S. manufacturers said they welcome the recent tariff increase on Chinese imports.
WASHINGTON (BRAIN) — It will take just a few short weeks before the U.S. bike market sees significant wholesale and retail price increases on bikes, parts and accessories due to the long-delayed 25% tariff on Chinese imports, which finally took effect Friday morning.
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