_biden-administration39s-tariffs-on-chinese-goods-raise-concerns-for-e-bike-industry.jpg "Biden Administration's Tariffs on Chinese Goods Raise Concerns for E-Bike Industry from „´ë‚˜… Video Screenshot Preview")
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⏲ Duration: 0:34
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✓ Published: 16-May-2024
👁 View: 385K times
✓ Published: 16-May-2024
Description:
The Biden Administration has implemented new tariffs on imported goods from China, including electric vehicles, causing concerns for the e-bike industry as most e-bikes in the US come from China. The specifics of the tariffs and their impact on e-bikes are unclear, but the administration's reasoning is to protect American manufacturers from unfair trade practices. The Trump administration's 2018 tariffs initially targeted electric bicycles with a 25% duty, but these were eventually granted multiple exemptions.
The Biden Administration has implemented new tariffs on imported goods from China, including electric vehicles, causing concerns for the e-bike industry as most e-bikes in the US come from China. The specifics of the tariffs and their impact on e-bikes are unclear, but the administration's reasoning is to protect American manufacturers from unfair trade practices. The Trump administration's 2018 tariffs initially targeted electric bicycles with a 25% duty, but these were eventually granted multiple exemptions.
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