How Tariffs will Affect Bicycle Retailers

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On 5/29/2019, the NBDA hosted a webinar presentation: How Tariffs will Affect Bicycle Retailers, from Robert (Bob) Margevicius, Executive Vice President of Specialized. Bob has extensive experience working with trade on a national level and has a seat at the most important table in Washington DC. He not only represents the vendor side but also speaks on behalf of retailers when he advises. He currently serves as a USA Industry Trade Advisor to the Secretary of Commerce (Wilbur Ross) and the USA Trade Ambassador (Robert Lighthizer).

What does all this mean to retailers and, further, to the industry?
The proposed 25 percent tariff on these three categories-bicycles, bicycle components, and bicycle safety accessories-could have catastrophic consequences for the U.S. bicycle market. This industry supports thousands of jobs at companies like Specialized and, of course, the thousands of independent retail bicycle shops you operate that sell, repair, maintain, and service bicycles.

What you will learn:

1. What is a tariff?
2. What is the purpose of a tariff?
3. All the rhetoric about section 232 and 301 tariffs. What do they mean and why?
4. How do the section 232 and 301 tariffs impact the bicycle industry?
5. What are the tariffs that apply to bicycles and bicycle parts?
6. So, section 232 only impact domestic products (Racks, Kickstands, metal products, etc.), and DO NOT impact E-Bikes, bikes, bike parts, bike accessories directly
7. But section 301 tariffs apply directly to bicycles, E-Bikes, parts, and accessories from China. How much is this?
8. What companies and retail channels are impacted by section 301 tariffs?
9. How does this impact me?
10. What can I do to navigate this situation?

Support the show (https://nbda.com/articles/donation-form-pg511.htm#!form/Donate)

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The NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

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