I've been following the China trade war pretty closely. With yesterday's announcement, things just got real, real fast. Previously most of the items were industrial inputs but now there are a ton of consumer products on the list.
Effective Monday, Sept 24th there will be an additional 10% import duty on a metric $h!t of items including the bike stuff below. And, unless something changes, the rate goes up to 25% starting Jan 1, 2019. Mind you, there are on top of the duties already in place.
Effective Monday, Sept 24th there will be an additional 10% import duty on a metric $h!t of items including the bike stuff below. And, unless something changes, the rate goes up to 25% starting Jan 1, 2019. Mind you, there are on top of the duties already in place.
- basically all complete bicycles...
- basially all bike parts (frames, forks, parts of frames, tires, rims, wheels, spokes, hubs, brakes, saddles, pedals, cranks)
- bike lights
- speedometers (GPS units were already included in the 25% tariff that went into effect on August 23)