New Tariff Updates
The Administration has imposed new tariffs effective today:
- Canada and Mexico: 25% on all goods, except for Canadian energy and oil exports, which will be taxed at 10%.
- China: 10% additional tariff on goods, including bicycles and P&A.
Effective March 4th, 2025, 12:01 am, new U.S. tariffs on Chinese bicycle imports will be:
- Road Bikes: 50.5% (5.5% + 25% + 10%+ 10%)
- Mountain & Kids’ Bikes: 56% (11% + 25% + 10%+ 10%)
- E-Bikes: 45% (0% + 25% + 10%+ 10%)
The latest data shows 87% of all bicycles imported into the U.S. originated in China.
The additional 10% import tariff will begin seeping into the landed cost of goods that works its way down to retailers as soon as the end of March on goods that are lean on wholesale inventory and as late as three months or more for goods that are heavy on wholesale inventory.
- ELV Motors -