Tariff Quote Watch: Giant Shifts To a Higher Gear as Tariff Costs Rise — Panjiva
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Tariff Quote Watch: Giant Shifts To a Higher Gear as Tariff Costs Rise

China 2982 Cons. Discr. - Durables 520 Quote Watch 452 Taiwan 211 Tariffs 1803 U.S. 5328

The bicycle manufacturing industry is facing a variety of challenges from U.S. tariffs on Chinese exports. Guardian Bikes’ CEO, Brian Riley, has stated the “biggest challenge is cash-flow planning” and that adapting supply chains can “take years and millions of dollars of investment”. Tariffs on Chinese exports may already be suppressing demand after being implemented at 10% in Sept. 2018, rising to 25% in May 2019 and potentially to 30% from Oct. 1. Total U.S. imports of bicycles fell 2.0% year over year in July – after a 9.6% slide in 2Q – as a result of an 18.2% drop in shipments from...

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