Biden Administration's Tariffs on Chinese Goods Raise Concerns for E-Bike Industry from bike Watch Video

⏲ Duration: 0:34
👁 View: 385K times
✓ Published: 16-May-2024

Description:
The Biden Administration has implemented new tariffs on imported goods from China, including electric vehicles, causing concerns for the e-bike industry as most e-bikes in the US come from China. The specifics of the tariffs and their impact on e-bikes are unclear, but the administration's reasoning is to protect American manufacturers from unfair trade practices. The Trump administration's 2018 tariffs initially targeted electric bicycles with a 25% duty, but these were eventually granted multiple exemptions.