Tariffs
WASHINGTON (BRAIN) — Importers will be able to bring in many bicycle products from China for an extra nine months without paying Section 301 tariffs that the Trump administration imposed starting in 2018.
(BRAIN) — Two China-based e-mobility manufacturers applied to the Trade Remedies Authority (TRA) for new status to pay a lower anti-dumping import tariff rate to export into the United Kingdom.
WASHINGTON (BRAIN) — The U.S. imported $565 million worth of bikes in the first quarter this year, up 52% over the first quarter last year and capping three quarters' of massive import figures.
DANA POINT, Calif. (BRAIN) — With consumer demand waning, inflation rising and stimulus money drying up, Wednesday's announcement that many Chinese bikes will become exempt from a 25% tariff was well-timed.
WASHINGTON (BRAIN) — A bipartisan group of U.S. senators is asking the Biden administration to establish "a more comprehensive" process to exclude some products from the current Section 301 tariffs on the import of some products from China.
(BRAIN) — A C-student in whatever class comes before Economics 101 could predict price increases in the industry in 2020, given the imbalance between supply and demand. And 2021 will likely see retail prices go up another 10-25%, experts say.
LONDON (BRAIN) — Besides the 25% tariff the European Union imposed on U.S. bike frame imports last month, which BRAIN wrote about last week, stationary bike trainers also got hit with the duty.
BENTONVILLE, Ark. (BRAIN) — Last year the bike industry escaped collateral damage from the long-running dispute between the European Union and the United States over commercial aircraft industry subsidies.
WASHINGTON (BRAIN) — The Trump administration has extended tariff exclusions it earlier granted to importers of most kids bikes and a few other bike products from China. The importers had been granted a break from a 25% tariff that was due to expire Friday night.
WASHINGTON, D.C. (BRAIN) — Many importers of Chinese bike products will see costs increase by 25% as tariff exclusions are expected to expire August 7.
WASHINGTON (BRAIN) — The Trump administration has granted MonkeyLectric LLC an exclusion from Section 301 tariffs for its China-made battery pack.
WASHINGTON (BRAIN) — The U.S. Trade Representative has granted tariff exclusions to imports of Chinese carbon fiber front and rear frame triangles and carbon fiber rims.
WASHINGTON (BRAIN) — The U.S. Trade Representative's office has granted tariff exclusions to some more bike-related products. Meanwhile the industry is working to extend the exclusions to the tariffs, which are imposed on China-made products as part of the Trump administration's Section 301 action.
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