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.
Most of the products have been excluded from the tariffs due to lobbying by the industry, but the exclusions were set to expire Dec. 31.
On Friday the U.S. Trade Representative announced the exclusions will be in place until Sept. 30 next year.
PeopleForBikes said the exclusions cover products worth more than $370 million in annual import value and could save the industry about $100 million in duty payments.
The products that received an extended exclusion period include all children’s bikes and some electric bikes, as well as some specific adult bikes, including bikes with belt drives. some adult single-speed bikes, some carbon fiber frames, some helmets, some bike trailers, and some messenger bags, backpacks, hydration packs and duffel bags.
The USTR said it granted these extensions to avoid impacts on affected industries while it determines whether or not to extend the 301 tariffs as part of a required four-year review process. The review process includes a period for submission of public comments that will remain open until January 17, 2023.
PeopleForBikes is coordinating industry efforts to submit comments in opposition to the continuation of the Section 301 tariffs on the bike products.
More information: peopleforbikes.org/topics/trade-and-tariffs
