US EditionBike maker takes steps to avert an unexpected million-dollar tariff charge
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Bike maker takes steps to avert an unexpected million-dollar tariff charge
LAKEWOOD, Calif. (BRAIN) — Taiwan-based Tern Bicycles’ U.S. office will be on the hook for about $1 million in unexpected tariff fees if shipments that are currently in transit don’t clear customs before next Wednesday. Until Wednesday this week, e-bikes from Vietnam were subject to no tariffs at all. But the reciprocal tariffs announced by President Donald Trump raised them to 46% (57% for standard bikes). The unexpected charges would be due n…
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