WASHINGTON (BRAIN) — The U.S. bike industry has been drafted into the trade war between China and the U.S.
Chinese-made e-bikes, which includes bikes sold by Trek, Giant, Raleigh Electric and other brands, would be subject to a 25 percent tariff under a proposal released Friday. The tariff which could take effect later this year, would increase the retail price of the bikes by hundreds of dollars, more than enough to make them uncompetitive with e-bikes made elsewhere, and dampening interest in one of the bike industry’s most promising sectors.
The electric bikes are included in a list of 284 import product codes, representing $16 billion in imports, released Friday. The list will go through a public comment process, including public hearings, before the U.S. Trade Representative decides whether each product code should be subject to the tariff. The process is likely to take several months.
Also on Friday, the USTR released a list of 818 product codes, representing $34 billion in imports, that it had already determined will be hit with the 25 percent tariff starting July. That list includes …read more