Iowa bike shops worry U.S.-China trade war will raise prices, erode consumer confidence - Des Moines Register

Iowa bike shops worry U.S.-China trade war will raise prices, erode consumer confidence  Des Moines Register

Foot traffic is high at Rassy’s Bike Shop in West Des Moines as Iowans start feeling the itch to get their feet pedaling. But after the summer supply of bikes runs low, store managers are wondering: What will happen now that President Donald Trump has raised tariffs on Chinese goods? China is the primary manufacturer and exporter of the bikes that Rassy's sells. In May, the Trump administration increased U.S. tariffs on $200 billion in Chinese imports from 10% to 25%. The president has also threatened to add 25% to tariffs on almost all the remaining $325 billion in goods shipped to the U.S...