Tariffs
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.
WASHINGTON (BRAIN) — The Trump administration has announced additional Chinese tariff exclusions for some bike-related products.
UPDATED: WASHINGTON (BRAIN) — President Donald Trump on Wednesday signed a Phase 1 trade agreement with China and said he will reduce recently imposed tariffs on some bike products from 15% to 7.5%. Trump's tariffs on most other bike-related products remain at 25%.
WASHINGTON (BRAIN) — U.S. Customs and Border Protection has ruled that e-bikes fall under the same category as electric motorcycles and therefore share an exclusion, granted in September, from the Trump administration's Section 301 tariffs on Chinese imports. Importers of Chinese e-bikes are now exempt from paying the 25% tariff imposed in August 2018.
WASHINGTON (BRAIN) — The U.S. Trade Representative has denied a dozen requests from Aosom LLC for exclusions from new tariffs on various types of bike trailers from China.
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