The US bike industry could be facing a new set of economic challenges as President Trump expands tariffs on imported steel and aluminium.
In two separate executive orders signed on 10 February, 2025, Trump expanded the Section 232 tariffs on steel and aluminium originally imposed in 2018. Aluminium tariffs will increase from 10% to 25%, while steel tariffs will remain at 25%. The measures also eliminate previous country-specific exemptions and quotas, applying the tariffs universally to imports from all nations. Additionally, the orders expand the list of affected steel and aluminium derivative products, though specifics on these products have not yet been detailed.
