We've been looking at it and we can meet that very easily by just putting a big tariff on the UK, so they better be careful. If they don't drop the tax, we'll probably put a big tariff on the UK.
Both companies face shared headwinds: reciprocal tariff impacts running at roughly 5 percentage points of margin pressure, softening European demand, and a fiercely competitive solar inverter market.
Brian Riley's journey into the bike business began with a traumatic family experience when his grandfather had a serious accident while riding. This incident inspired him to create a safer braking system for bicycles, leading to the development of SureStop brakes, which allow for simultaneous braking of both tires with a single lever.
The lawsuits argue that the shipping companies never should have charged the fees in the first place, and that the shippers, not the government, owe the customers.
He has brought up tariffs for the movie and television industry many times, and I've hopefully talked to him the way out of them. Healthy incentive programs attract a lot of production, and you've seen a lot of them move from California to Georgia to New Jersey. Having the incentives versus tariffs is much better.
U.S. trade deficits are large and need to be brought down. Reducing U.S. fiscal deficits is important. At the same time, there is no doubt in the US ability to pay the world and therefore no crisis. The U.S. has run a trade deficit for most of the past 50 years, but has never had a fiscal crisis related to this imbalance because international investors have kept buying up U.S. assets throughout that period.
