Local Bike Shop Impacted by Tariffs

NORFOLK - The trade war with China has impacted a lot of Nebraskans. One industry that may not come to mind, however, is the biking industry. Tariffs imposed on Chinese imports have resulted in price increases for one Norfolk business. Cleveland Bike and Sport has felt the effects of the tariffs, but manager Nick Meyer says it's not nearly as bad as it could have been.
“We've seen some, but not as much as we anticipated,” Meyer said. “Most of our manufacturers have been pretty good about reorganizing supply chains so we haven't noticed a real large impact from the tariffs yet.”
Earlier this year, President Donald Trump imposed a 25% tariff on over $200 billion of Chinese imports. Meyer said the biggest area where they have been hit is with replacement parts. He said the price for replacement wheels has risen considerably. If you're in the market for a new bike, however, he says you don't need to worry. Bike prices have risen $40-$50. According to Meyer, those increases are similar to normal year-to-year changes.
“I think the biggest thing people should be aware of is even though they may hear about large price increases, so far we really haven't seen any price increases outside of the normal inflation increases,” Meyer said.