It is no secret that the world’s bicycle industry runs on skills and products developed in the factories of China and Taiwan, two countries faced with heavy new US trade tariffs as of 5 April.
All countries faced a 10% baseline tariff, an import tax payable on all goods shipped into the U.S., but China and Taiwan – already subject to heavy tariffs set by Trump’s administration during his first term - are set to pay 34% and 32% respectively in additional import taxes. That brings the total tariff for goods imported to the U.S. from China to 54%. China has already clapped back, with heavy new tariffs of their own, and the fluid situation is changing daily.
