Pedego shifts some e-bike production to Vietnam in response to tariffs
FOUNTAIN VALLEY, Calif. (BRAIN) — In May, a month before the Trump administration proposed a 25 percent tariff on China-made e-bikes , Pedego founder and CEO Don DiCostanzo went to Vietnam to look for factories to make e-bikes. DiCostanzo, who has had most of his company's e-bikes made in China since starting the business in 2008, wasn't anticipating the U.S. tariffs (which were proposed in June and took effect Aug. 23). Rather, he was hedging his bets against the European Commission's proposed anti-dumping duties on Chinese e-bikes. Pedego, which has more than 130 franchise retail locations in North American, does only about 5 percent of its business in Europe. Still, the proposed EC anti-dumping duties of as much as 189 percent would have brought the growing European business to a sudden halt. "If those took effect, we were going to be out of business in Europe," DiCostanzo told BRAIN. As ...
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