Executive: proposed tariffs would cost Trek $30 million a year

By Stephen Frothingham

As e-bike tariffs take effect and low-level negotiations resume, more bike industry executives speak in Washington.

WASHINGTON (BRAIN) — On Thursday, U.S. Customs began assessing a 25 percent tariff on e-bikes, e-bike motors and other Chinese imports totaling $16 billion. Also on Thursday, China announced retaliatory tariffs on U.S. exports, and low-level trade negotiations continued between U.S. and Chinese officials.

And, Thursday afternoon at about 3 p.m. local time, four members of the U.S. bike industry will testify before the multi-agency 301 Committee at the International Trade Commission offices in Washington. The four are expected to testify in opposition to the proposed 25 percent tariffs on a wide range of bicycle goods from China.

Bob Burns of Trek Bicycle, Arnold Kamler of Kent International, Patrick Seidler of Wilderness Trail Bikes and Bill Smith of Huffy Corporation are set to speak as part of a panel with executives from other industries affected by the proposed tariffs. Each will be allowed five minutes to speak and then will accept questions from the committee, which includes representatives from the State Department, Commerce Department, the Department of Homeland Security, the Department of Labor and the ITC.

According to prepared remarks …read more

Via:: Bicycle Retailer and Industry News