WASHINGTON (BRAIN) — The U.S. Trade Representative has granted retroactive exemptions from a 25% tariff imposed by the Trump adminstration last year on Chinese imports. The USTR published a list of products earning the exemptions in the Federal Register on Friday. The list includes pet supplies and plastic straws and at least three items of interest to the bike industry: singlespeed adult bikes, motorized skateboards, and electric motorcycles.
The singlespeeds, imported under the HTS code 8712.00.2500, must weigh less than 16.3 kilograms (36 pounds), have wheels larger than 63.5 cm (25 inches), and clearance for tires no wider than 4.13cm (1.6-inch) — essentially adult single speed bikes with relatively narrow tires. This category of bike was included in a round of 10% tariffs announced Sept. 24 last year. The tariff on those product increased to 25% in May 2019, and it was set to increase to 30% next month.
The bikes were previously subject to a 5.5% tariff, which was added on top of the 25%; it will return to 5.5% for these items.
According to the USTR, exemptions were granted after weighing “(w)hether the particular product is available only from China and specifically whether the particular product and/or a comparable …read more