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.
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00:00 It's Benzinga and here's what's on the block.
00:02 The Biden administration has implemented new tariffs on imported goods from China,
00:06 including electric vehicles, causing concerns for the e-bike industry,
00:10 as most e-bikes in the US come from China. The specifics of the tariffs and their impact on
00:15 e-bikes are unclear, but the administration's reasoning is to protect American manufacturers
00:20 from unfair trade practices. The Trump administration's 2018 tariffs initially
00:25 targeted electric bicycles with a 25% duty, but these were eventually granted multiple exemptions.
00:30 For all things money, visit Benzinga.com