In United Stateswith the intensification of Commercial tensions with Chinathere will be a surge in bicycle prices up to 50% In addition, as i duties they will affect a heavily on aindustry which depends largely on Chinese production. Arnold Kamlerpresident of the Kent Internationalone of the largest US companies manufacturers, warned that sector prices will increase up to 50% if the Trump president It will maintain rates at current levels.
According to what the Financial Timesthe U.S. bicycle brands import about the 90% approximately 12.5 million of bicycles that sell every year. The largest share is produced in Chinafollowed by Taiwan, Vietnam And Cambodia.
THE duties they affect theUS bicycle industrywhat invoice 6 billion dollarsin a difficult moment. The sales boom recorded during the pandemic he reversed and theinflation made the rise i Costs for manufacturers. Kent International bicycles have a price that varies from 149.99 to 524.99 dollars. The company has increased the prices of the 12% This year, following the initial rate of 20% Set from Trump to China. Kalmer He explained that at least another is expected to increase the prices 25% Due to theFurther dice of 34% imposed by the President of the United States last week.
THE’further rate of 50% on Chinese goodsannounced by Trump on April 7th In response to China retaliation rates“Would make my bicycles undesirable and too expensive,” he added speaking, however, before Trump imposed Additional rates on Chinese goods. Kent International provides for selling 1.4 million bicycles In the United States this year, which would represent its worst performance in over a decade. The fact is that even if Kent International makes some assemblies alone will still have to increase the prices of these bicycles because it matters most of the Components from China.
The same worry are expressed by Giant Group Of Taiwanone of the major bicycle providers in the United States while Matt Mooregeneral councilor of Peopleforbikeswarned that theIncrease in import costs will force many companies toinsolvency or merge with rivals. «The mood of the sector is rather dark because we are faced with one potentially existential threatMoore said.
«Companies that have a better Access to capital and operational advantages will increase prices to cover costs and preserve margins. Companies that are not able to do it could succumb in this new commercial context ». Peopleforbikes is pressing to get one relief on customs duties for imports of frames and others componentsAnd Low -interest loans for manufacturers for the construction of factories. Kamler remains “hopeful»That theTrump Administration Reduces the rates: «If nothing changes, the only thing that will happen is that i bicycle prices will increase of the 30-50%».