GCN Tech Show - The tariff tantrum, and the effects on the bike industry and riders

But the tariff isn’t on the cost to produce, it’s on the cost to consumer. Think ‘tax’. An ‘idiot tax’.

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No it’s 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, it’s 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.

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Has anyone ordered from Italy to US lately? I ordered some Fizik shoes from their website and I didn’t realize they ship from Italy (my fault for not checking more closely I guess).

Trying to figure out if I’ll be hit with tariffs or should try to cancel. Would have bought the shoes locally if they were available :man_shrugging:

I haven’t ordered from Italy, but I ordered a pair of Bonts back in late June that were shipped via Hong Kong, and I wasn’t hit with a tariff. Hopefully you won’t be hit either

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Haven’t you got a certain value of goods you can import before any tariffs / taxes apply? We certainly do in the UK.

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Used to be a de minimus $800 limit but who even knows anymore. :melting_face: Do you need a roommate in the UK this is getting bonkers over here :sweat_smile:

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Not sure my wife would approve :joy:

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Totally agree, it’s not just cheap labor, it’s the entire manufacturing ecosystem they’ve 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 they’re implemented. Given the … uh … mercurial nature of our current administration who the hell knows.

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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.

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I’m so tired of winning.

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All those tires, chains and other stuff I have will be worth a lot on the open market. Sell baby sell.

My wallet is trembling

I have to admit that it’s far enough away that I worry they’ll change it again right after all the IT people make all the adjustments to prepare. Things change fast in this Administration.

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I ordered a wheelset from Light Bicycle back in mid-May. They are finally in the building stage so I think I should see them in 1-2 weeks. Have absolutely no idea what it’s gonna look like tariff wise which should be fun.

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came here to post this… that’s the end of R2 and Bikeinn purchases for me… really a big bummer!

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Hopefully it will change again in a month or two.

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Feeling like :taco::taco::taco::taco: for dinner :thinking::eyes::thinking:

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Maybe payment by TrumpCoin will be tariff-free, or consumer tariff rebates will be issued in TrumpCoin, or importers who remit tariffs in TrumpCoin will get tariff relief.

Tacos for lunch today

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