Lakewood, Calif.
Until this week, the e-bikes from Vietnam were no tariffs. The reciprocal tariff tariff tariffs announced by the President Donald Trump increased to 47% (57% for the standard bike). Unexpected charges have been postponed cleanly on the day of the products. “Our customs broker normally provides us (in tasks), but this is $ 20,000 or $ 30,000.
Although Tern has taken steps to prevent charges, their size affects new tariffs. Tern sells expensive e-load bikes, but this industry is still a medium sized brand. Larger brands importing from Asia, more unplanned tariff payments in proportion to Wednesday.
The company will probably avoid new payments by accelerating a container of a container in California in the port of California. Tern has planned to send this container to another warehouse, but when mutual tariffs enter into force, it was missing on 12:01 AM 12:01. Deadline, “Loaded in a storage in the port or consumption, or loaded in transit for consumption or loaded in transit for consumption or loaded in transit from a warehouse or taken from a warehouse” Thus, the shipments loaded on a ship before the deadline will be duty-free during the ship’s “final mode of last transit”.
“One day of Vietnam’s day was a day, and I told the factory that 8 did not send us something after being safe,” he said. If the company seems to be in danger of loss of any transportation, the company can redirect them to Canada or Mexico as the final means.
For TERN, the new tariff is not just the beginning; Boyd does not see a way forward in this market if applicable.
“I don’t want anything with 47% task,” he said. “There is an inventory here and there are several (in transit) that a container we know is safe and secure. I do not know that something will change.”
Boyd said that it is impossible to calculate 47% of wholesale and retail prices. “The notion that everyone in the supply chain will exacerbate your pens is not real.
Boyd for Longterm, said he will look at the diversification of Ternin production. But the brand’s e-trucks are specialized cars; The construction of factories to produce them is not quickly. Portugal has Ternin bikes for the accumulated European market, and tariffs could reduce the bikes there by making them there.
In a short time, Ternin’s choices are now hoping that President Trump has not agreed with Vietnam and has a mutual tariff. There is hope: Trump, Vietnamese leader, said they were talking to LamFriday.
“If it could last for a long time, I would shock; This already complains of the global economy. Even (Trump’s) Yes men will burn him at once,” he said.
This end, boyd He calls on all industrial members to connect with representatives in Washington.
“I live in California: All my representatives are Democrats and Trump will not listen to them. But many people in the country have many people and senators.
“Blast them (letters),” he said. “Tell them:” I can’t survive my industry. And not only owners, but 10 of the employees do it, “he said.
There is a peopforbikes template (Related to Organization’s Tariff FAQ document) To help represent a letter to representatives of industrial members.
The organization’s communications director Ryan Birkicht said, “We can help us to contact us and help people to contact us and provide communication information and template languages and template languages and templates.”
