Just ran across this, Lauf is adding on a tariff specific surcharge
Iām just amazed at the gullibility of people. Whilst on a cruise I overheard a couple lamenting the attacks on Harvard but then saying that Harvard āstole over 2 billion from the Covid program, so they get what they deserveā. Yikes⦠They didnāt, and no university ādeservesā to be gutted/disected/disassembled because they are doing the same things as other universities.
History flashback: I had a prof at a college I attended, and he liked to āpokeā people. To jar their preconceived notions (more than others), to shake their world. Many students hated him, and when I was in his class, he zeroed in on one of my closely held beliefs, and it was disconcerting, but in the end, I realized what he was saying, and why. I realized that I was the fool and needed a bang on the head to knock loose my stubornly clung to illogic. I can see why some really did not like him. He didnāt do it quite nastily, but I think I saw a small smile trying to curl on the corners of his mouth. One student that I witnessed got up and stormed out, never to return. Some students tried to get him fired, but it didnāt work. I thought he was a little brutal at times, but grew to actually like him, and was sad to hear, years later, he left for a posh east coast school. I imagined him having his own Dead Poetās Societyā¦
China pays the tariff? Nope⦠WE pay the tariffs! Tariffs have always been a bad idea.
I can definitely see that for a TT bike.
I will say I have my old gravel bike with sram rival 1x mechanical and when I used that as my main bike Iād have to have the shift cable replaced once a year. Obviously not a big deal but Iāve had my current electronic shifting for a few years and havent needed to touch anything.
Looks like (online at least) Specialized took off the note about a tariff surcharge and just raised prices.
Well that didnāt last long.
The reason that bikes are expensive is simply because they can be, or at least, thatās what manufacturers found over the past few COVID years. Realistically, 99% of people buying a $5k and above bike (forget $15k) are buying it because they want to, not because they need to. The people who āneedā an S-Works are getting them for free. An S-Works, Colnago, etc, are the biking equivalent of an Hermes bag or Porsche GT car (without as much artificial scarcity).
Post covid, there are significantly fewer people that want to spend $15k on a bike, and those entertainment dollars are going elsewhere.
But itās literally capitalism. Make a product and find a market for it that helps you make as much profit as you can. Seriously. (Oh, and shower riches on your investors, or yourself. Get a mistress, another ex-wife, a huge yacht, a āspace flightā for your pneumatic ex-mistress/fiance. Buy a sports team, a town, a politician, a think tank, a foreign country, an election)
And so it begins Wahoo Raises US Prices on All Products
Wow! I was looking at Wiredās āThe Best Bike Helmets for Protecting Your Nogginā, and when clicking on their links for vendors of the helmets, so many are way more expensive than in the links on the article. Some up over 50 bucks! Tariffs? Iām thinking yes, or tariff related greedā¦
The article was written on May 25 which is after tarrifs were announced.
My guess is that internet pricing on things can change dramatically day to day, especially on Amazon. The other day I was looking at a printer on Amazon and it was $259 and then a couple of days later it was $349.
Helmets also cost hardly anything to produce thus the import cost should be very small. Like $25 to manufacture a top tier $300 helmet is a $6 tariff at 25%.
But the tariff isnāt on the cost to produce, itās on the cost to consumer. Think ātaxā. An āidiot taxā.
No itās not. If Specialized makes a helmet in Asia for $25 and imports it themselves, the tariff is on the $25.
If an importer has toasters made in China for $20, the tariffs is on the $20, not the $59.99 retail price.
A tariff is a tax on importation and has nothing to do with retail prices to the consumer other than the importer is going to factor in the tariff when they price their product.
Of course, itās a bit more complicated with a bicycle where the parts can be made in a number of countries and then assembled in even another country before being shipped to the US. I still think the final value and final country of shipment is what triggers the tariff.
Has anyone ordered from Italy to US lately? I ordered some Fizik shoes from their website and I didnāt realize they ship from Italy (my fault for not checking more closely I guess).
Trying to figure out if Iāll be hit with tariffs or should try to cancel. Would have bought the shoes locally if they were available
I havenāt ordered from Italy, but I ordered a pair of Bonts back in late June that were shipped via Hong Kong, and I wasnāt hit with a tariff. Hopefully you wonāt be hit either
Havenāt you got a certain value of goods you can import before any tariffs / taxes apply? We certainly do in the UK.
Used to be a de minimus $800 limit but who even knows anymore. Do you need a roommate in the UK this is getting bonkers over here
Not sure my wife would approve
Totally agree, itās not just cheap labor, itās the entire manufacturing ecosystem theyāve built. Speed, specialization, and scale all in one place.
Ironically, you might be more likely to be hit with the tariff buying locally because the importer would be paying it on their bulk shipments and (presumably) passing it on to you in the final cost. On the other hand, if you ordered a single pair shipped directly from Italy it could fall under the minimum and escape the tariff. That all depends though on what the minimums are and how theyāre implemented. Given the ⦠uh ⦠mercurial nature of our current administration who the hell knows.
Well, I hope you all ordered your imported goods!
President Donald Trump on Wednesday signed an executive order ending the de minimus trade loophole for low-value packages shipped from all countries.
The order, which takes effect Aug. 29, will subject any shipments of imported goods into the U.S. worth $800 or less to duties, the White House said.
Any goods shipped through the international postal network will be subject to tariff rates based on the value of the package and its country of origin.
Iām so tired of winning.