Background on Section 301 Tariffs
The United States Trade Representative (USTR) has phased-in several tariff increases on nearly all goods imported from China over the course of the last year and half.
On January 15, 2020, the United States and China signed “Phase One Trade Deal”. Tariffs on certain products will remain at 25% increase above normal rates. Tariffs on products in other list will be 7.5% above regular rates, effective Feb. 14, 2020.
We at SYM, Lance and Scootstar have been absorbing significant portions of the tariffs since the the Trade Act and we have come to a point where we need to pass on the additional cost.
- 7.5% increase on all PARTS AND ACCESSORIES related to scooters and ebikes.
- 25% increase on all ENGINES related to scooters.
- 25% increase on all BATTTERY related to ebikes.
- 25% increase on all EBIKES.
We encourage you to raise your MSRP to reflect the changes these changes.
We will continue to keep you updated on any new developments regarding the TRADE TARIFFS.