This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Tariffs pressure U.S. bicycle firm to halt imports from China
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > World > Tariffs pressure U.S. bicycle firm to halt imports from China
World

Tariffs pressure U.S. bicycle firm to halt imports from China

Editorial Board Published May 7, 2025
Share
Tariffs pressure U.S. bicycle firm to halt imports from China
SHARE

The Kamler household, proprietor of Fairfield, New Jersey-based Kent Worldwide, has been within the bicycle enterprise for 4 generations. 

Arnold took over Kent Worldwide from his father. Now his son, Scott Kamler, is CEO. They promote about two million bikes per 12 months within the U.S. they usually’re one in every of Walmart’s largest suppliers. However President Trump’s plan for tariffs is throwing a wrench into their American dream. 

About 90% of Kent bikes are imported from China. The remaining are assembled within the U.S. at their manufacturing facility in South Carolina with elements from Asia. Kent had been paying 25% tariffs on bikes and bike elements coming from China for the reason that first Trump administration. However below the tariffs carried out by Mr. Trump final month, a latest cargo that was delayed and arrived throughout the brand new tariff interval pressured the corporate to pay a mixed 181.47% in import duties and tariffs.

Throughout the one-month interval from March 20 to April 20, Kent Bikes paid $3.1 million in tariffs alone. 

Below the brand new tariffs, a bicycle wheel imported from China that might have beforehand price between $10 and $12 elevated to about $30, in line with Arnold.  

He says that makes him really feel “really bad” and “angry.”

“China is not paying these tariffs,” Arnold stated. “We have an account with U.S. customs where they automatically deduct once a month, the import duty, from our account. And so, it’s not only import duty, but these tariffs are deducted.” 

The corporate cancelled its new orders from China for April, and it doesn’t have any plans to put new orders in Could. 

Even when tariffs towards China are lowered by the Trump administration, there are dozens of different international locations going through new tariffs. So looking for different overseas distributors appears futile.

“We had already shifted some of our business, almost half our business, to several of the countries on that list,” Kramer stated. “And we’re getting out of China and now we’re still getting slammed. It’s just completely unfair.”

Arnold signifies that absolutely manufacturing and assembling their bikes within the U.S. will not be financially tenable from a cost-perspective.

“I can’t even calculate that high,” Kramer stated about what he thinks a motorbike would price to provide right here. “I’ll just tell you one quick story. There was a company that came to us a couple years ago. They wanted to make handlebars for us. Now we used to make our own handlebar for about a dollar-and- a-half, and we saved some money by buying it from Asia. And this company took three months to give me the quotation for a simple BMX handlebar. And the price came back at $12. I said, ‘$12? It’s about 80 cents of steel. How could you be?’ ‘Well, there’s a lot of work.’ And I said, ‘OK, thank you, you can lose my number.’ So, you can take that (as) kind of (an) example…I mean, a $100-bicycle here would be a $1,000 if all the parts were made here right now.” 

Extra from CBS Information

Tom Hanson

TAGGED:bicycleChinacompanyforcehaltimportstariffsU.S
Share This Article
Twitter Email Copy Link Print
Previous Article With the financial tumult, a critical concern has emerged: stagflation With the financial tumult, a critical concern has emerged: stagflation
Next Article Sharma: Why I’m considering twice about touring to the US Sharma: Why I’m considering twice about touring to the US

Editor's Pick

Kirill Dmitriev’s Vision: The Russia-Alaska Tunnel as a Geostrategic Imperative

Kirill Dmitriev’s Vision: The Russia-Alaska Tunnel as a Geostrategic Imperative

Executive Summary: A Strategic Announcement In a landmark social media post dated October 16, Kirill Dmitriev, Chief Executive Officer of…

By Editorial Board 6 Min Read
Ottawa’s culinary neighborhood mourns younger Inuk chef killed in stabbing
Ottawa’s culinary neighborhood mourns younger Inuk chef killed in stabbing

The final time Patrick Garland noticed Joshua Qiyuk, the younger chef was…

3 Min Read
The 2025 Denim Playbook: The Finest Denims and Manufacturers for Each Type | Fashion
The 2025 Denim Playbook: The Finest Denims and Manufacturers for Each Type | Fashion

We independently consider all advisable services. Any services or products put ahead…

6 Min Read

Oponion

Fortis plan to scale back wildfire threat throughout Southern Inside raises different security issues – Okanagan

Fortis plan to scale back wildfire threat throughout Southern Inside raises different security issues – Okanagan

FortisBC will probably be implementing a brand new initiative for…

May 2, 2025

Heidi Montag Releases Lauren Conrad Diss Observe (Sure, In 2025)

Studying Time: 3 minutes A brand…

January 27, 2025

Magnus Carlsen retains world chess crown with brilliant attack in clinching game

Norwegian world chess champion Magnus Carlsen…

December 10, 2021

Curry, Butler take turns taking on in Warriors’ comeback win over Bulls

CHICAGO — Buying and selling for…

February 9, 2025

Throughout 6,400 miles, mother-daughter jazz groups be part of forces

Irrespective of how esteemed and fashionable…

November 13, 2024

You Might Also Like

Netflix’s Crash Bandicoot present could possibly be Naughty Canine’s subsequent massive adaptation – if it doesn’t get canceled once more
World

Netflix’s Crash Bandicoot present could possibly be Naughty Canine’s subsequent massive adaptation – if it doesn’t get canceled once more

An animated Crash Bandicoot TV present is reportedly within the works In accordance with What’s On Netflix, manufacturing work has…

4 Min Read
Bihar Polls: Tejashwi’s Job Promise Finds Work—In The Voter’s Thoughts | Politics Information
World

Bihar Polls: Tejashwi’s Job Promise Finds Work—In The Voter’s Thoughts | Politics Information

Final Up to date:October 29, 2025, 00:00 IST As CNN-News18 found, the problem resonates even together with his political critics…

4 Min Read
Senate Democrats to drive vote aimed toward blocking Trump’s tariffs on Brazil
World

Senate Democrats to drive vote aimed toward blocking Trump’s tariffs on Brazil

Washington — The Senate is anticipated to vote Tuesday night on a measure that may block President Trump’s tariffs on…

5 Min Read
25 states sue Trump administration over SNAP meals stamp freeze throughout shutdown
World

25 states sue Trump administration over SNAP meals stamp freeze throughout shutdown

Washington — A coalition of officers from half of the states and the District of Columbia sued the Trump administration…

4 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?