Trump's proposed tariffs of up to 60% on Chinese imports and 20% on others could severely impact the bike industry, which heavily relies on foreign suppliers.
The U.S. bike market is significantly dependent on China, with 86.3% of its products coming from there, highlighting the risk posed by potential tariff increases.
While U.S. markets surged following Trump's election, his tariff proposals raised concerns among retailers like Steve Madden, indicating a less favorable outlook for international trade.
Understanding tariffs is vital; they are taxes on imported goods intended to protect domestic industries, but Trump's vague approach leaves critical questions unanswered.
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