Tariffs
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.
WASHINGTON (BRAIN) —If nothing changes very soon, a 25% tariff will hit most bike products imported to the US from China, starting at 12:05 a.m. Friday.
One bike importer said he’s already seeing the extra fees appear on documents for shipments arriving next week.
BOULDER, Colo. (BRAIN) — President Donald Trump on Sunday said he would increase the punitive tariffs on some Chinese goods, including bikes and bike products, from 10% to 25% on Friday. Trump repeated the promise Monday morning, even as the news rattled international stock markets.
WASHINGTON (BRAIN) — Some hubs and sprockets would be among the $11.5 billion in goods subject to retaliatory tariffs of up to 100% proposed by the Trump administration.
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