Tariffs + bikes: The latest volley in the tariff wars will hit bicycles and electric bikes pretty heavily. What does this mean?
- 10% tariff on all bicycles including, kids bikes
- 25% on all electric bikes
- 10% on helmets, tires and tubes
- 10% on almost everything else bicycle related
From the NYT 8/22:
Bicycles
“With operations at this scale we anticipate that the proposed tariffs, if approved at a rate of 25 percent, would result in Trek paying an additional $30 million in tariffs each year. Trek will be forced to pass these costs on to the consumer, raising prices on adult bicycles, kids’ bicycles, components and key bicycle safety equipment like helmets.”
— Written testimony of Robert Burns, Trek
No matter your brand preference, the bike you buy in America is most likely made in part or sourced entirely in China. More than 90 percent of complete bikes are sourced from China, and at least 40 percent of imported bike components come from that country.
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Rapidly increasing prices are one more reason to buy a new bicycle now!
