Yuba Bikes Responds to Recent Anti-Dumping Tariffs

Author:
Publish date:
yuba_logo_no_tagline_cmyk

Cotati, CA (October 9, 2018) – Yuba Bicycles, industry leader of both electric and pedal cargo bicycles, has issued their response to the rounds of Anti-Dumping tariffs issued on August 10and September 17 resulting in a 25% tariff to be applied to electric bikes and a 10% tariff to be applied to pedal bikes manufactured in China. This similarly just occurred in Europe with an anti-dumping against China of 23-183% in a strategic move to incentivize European assembly.

Currently, Yuba manufactures the Electric Boda Boda, Boda Boda and Mundo Classic bikes in China.

To account for the tariffs applied to electric bikes, Yuba will apply a flat fee of $300 to those respective products affected by the tariffs. This $300 fee will be applied to the total cost and passed onto the consumer as a tax. To account for the tariffs applied to pedal bikes, Yuba will apply a flat fee of $100 for those respective products.

By adding these fees as a flat rate to be passed onto the consumer, and not add the tariffs to the usual margin calculation cost, Yuba hopes this will have the least impact on their overall business, and allow for Yuba to continue offering their product at a competitive rate.

The Spicy Curry and new Electric Supermarché are currently manufactured in Taiwan, which is not subject to tariffs. Yuba has been looking to relocate their manufacturing from China to Taiwan since July 18 2017, when the EU imposed tariffs to *(Electric) bikes coming from China. Yuba has been successful in this search and will be able to begin to transition all manufacturing to Taiwan at the end of 2018.

“These tariffs have such a huge impact over businesses and consumers,” said Benjamin Sarrazin, founder of Yuba bikes. “We are talking about ten or maybe hundreds of thousands of businesses’ supply chains; supply chains that were put in place over decade ago! We will strive to do everything we can do ensure our product is the best quality and at the best price during this time.”

In conclusion, Yuba does not support these tariffs for multiple reasons: the tariffs were imposed with great haste and little review, and will not encourage bicycle manufacturing to be moved into the US, mostly because the administration will now tax on steel, frames and components as well.

There is an already established structure of manufacturing bicycles and their components in a number of Asian countries surrounding China. To rebuild this infrastructure in the US is not realistic and will be costly and lengthy, exacerbated by the additional tax on steel, and an industry that already has low profit margins and stagnant sales currently, many American bike companies will not be able to survive this political tactic.

ABOUT YUBA BICYCLES

Yuba® Bicycles was founded in 2006 by entrepreneur Benjamin Sarrazin, who is on a mission to bring the European cycling lifestyle and utility to the United States. Cargo bikes are an authentic means of sustainable transportation that can help make a tangible change within our vehicle dependent society. Yuba manufactures award-winning environmentally sustainable pedal and electric cargo bikes that provide significant utility, convenience and health benefits for riders of all ages. Life is better and more productive on two-wheels. Visit yubabikes.com for more information and dealer locations

Media Contact:

Katie Metzler

Terra Public Relations

307-733-8777

katiem@terrapublicrelations.com

Related

Yuba Bikes Launch MEGA Mundo

Cotati, CA (April 1, 2019) – Yuba Bikes is excited to introduce the MEGA Mundo cargo bike. With some riders saying the Mundo just isn’t enough with its 440 lbs. of cargo carrying capacity, Yuba is heeding the call. Introducing the MEGA Mundo - double the size, double the fun! The ...read more

Yuba Launches New Electric Supermarché Cargo Bike

Cotati, CA USA (August 28, 2018)- Yuba Bikes is excited to introduce a new electric bike to their growing fleet of bikes, the Electric Supermarché. Building off the front-loading Supermarché, Yuba partnered with Bosch to offer an electric pedal assist option to consumers. Yuba ...read more

yuba_logo_no_tagline_cmyk

Yuba Bikes Introduces New Rain Canopy

Cotati, CA (February 5, 2019) - Yuba Bikes is excited to introduce the Cargo Canopy to their robust line of cargo bike accessories, offering a new option for customers using the Supermarche or Electric Supermarche as an everyday mode of transportation. Yuba’s Cargo Canopy ...read more

Yuba Bicycles Taps Jeff Wuerthele as Eastern US Sales Representative

Cotati, CA (October 25, 2018) – Yuba Bicycles, makers of exceptional electric and pedal powered cargo bikes, has hired Jeff Wuerthele has a sales representative for the Eastern USA, effective immediately. Wuerthele will be responsible for developing dealer relations and consumer ...read more

yuba bikes logo - no tagline - PR

Yuba Bikes Introduces New Accessories

COTATI, CA - MARCH 22, 2018  Yuba is excited to introduce a new line of accessories designed specifically for their robust fleet of cargo bikes, to make them even more useful, and allowing Yuba cargo bikes to be customized to best fit each personal need. The Adjustable Monkey ...read more

yuba bikes logo - no tagline - PR

Yuba Bikes Introduces New Electric Boda Boda for 2018

COTATI, CA - MARCH 12, 2018  Yuba bicycles is excited to introduce the latest addition to the electric cargo bike scene: The Electric Boda Boda. As the cargo bike industry grows, Yuba rounds out their robust collection with this new electric option in both step through and ...read more

Yuba Bikes Moves Headquarters

Cotati, CA - January 25, 2018 Yuba Bikes is excited to announce that they have relocated their office and warehouse headquarters to Cotati, CA. Originally based in Petaluma, CA, the company has moved into a larger space to manage production growth.  The new space in Cotati ...read more

Print

Yuba Bicycles Hires Terra PR For US Media Relations

Cotati, CA (March 28, 2017) - Yuba Bicycles, maker of exceptional electric and pedal powered cargo bikes, has tapped Terra Public Relations to spearhead their public relations strategy in North America. Mastermind Ben Sarrazin founded Yuba Bicycles to design and build kick-ass, ...read more

yuba_logo_no_tagline_updated

Yuba Bikes Staff Donating Wages

To North Bay Fire Relief Effort Cotati, CA - October 26 In the wake of the North Bay forest fires that ripped through Sonoma County, burning homes and businesses indiscriminately, Yuba Bikes is donating their wages to help fire relief agencies in the region. Each staff member at ...read more