Originally Posted by
Jazzguitar
Good lord, those group set prices are insane. I knew Seven frames were expensive but that’s just robbery.
Bike part/frame/toy prices are going up 10%+, probably by next month. You Know Who has decreed 10% tariffs on imported bike parts as part of his latest retaliatory tariff package:
https://www.bicycleretailer.com/nort...-chinese-goods
Originally Posted by Bicycle Retailer and Industry News
WASHINGTON, D.C. (BRAIN) — On Tuesday, the Trump administration announced that it would assess an additional 10 percent tariff on up to $200 billion of Chinese goods. The latest list and round of tariffs comes on the heels of two other rounds of tariffs imposing 25 percent duties on $34 billion and $16 billion worth of Chinese imports.
The latest round targets hundreds of imports and includes many bicycle products and components including cable casing for derailleurs and caliper brakes, bike tires, rim strips, inner tubes, complete bicycles, frames, steel tubing, forks, wheel rims, wheel spokes, alloy hubs, three-speed hubs, two-speed hubs, freewheel sprockets, brakes and brake parts, saddles, pedals, cranksets and speedometers.
If you're going to be buying anything...best do it now.
Bearings/materials are going up in prices as well...due to You Know Who's tariffs
https://www.bicycleretailer.com/indu...s#.W0VVwiMrKM8
Originally Posted by BRIN
LOUISVILLE, Colo. (BRAIN) — When you buy 5,000 pounds of aluminum every day, you notice quickly when the cost per pound goes up 20 percent — or more — in a matter of months.
Dave Batka, owner of Wheels Manufacturing, is noticing. Since the start of the year, he's seen aluminum prices skyrocket, in part because of the tariffs the U.S. imposed on most imported steel and aluminum, and also because of rising material costs generally, stemming from a strong economy and other factors.
Batka is bracing for another price hike next month when a new 25 percent tariff on Chinese bearings kicks in. Along with Chinese GPS units, bearings of many varieties were included in the list of Chinese products subject to the new tariff starting July 6.