NBDA: Bicycle Retail Radio

Send us a textOn 5/29/2019, the NBDA hosted a webinar presentation on tariffs from Robert (Bob) Margevicius, Executive Vice President of Specialized. Bob has extensive experience working with trade on a National level and has a seat at the most important table in Washington DC. He not only represents the vendor side but also speaks on behalf of retailers when he advises. He currently serves as a USA Industry Trade Advisor to the Secretary of Commerce (Wilbur Ross) and the USA Trade Ambassador (Robert Lighthizer).What does all this mean to retailers and, further, to the industry?The proposed 25 percent tariff on these three categories-bicycles, bicycle components and bicycle safety accessories-could have catastrophic consequences for the U.S. bicycle market. This industry supports thousands of jobs at companies like Specialized and, of course, the thousands of independent retail bicycle shops you operate that sell, repair, maintain and service bicycles. What you will learn: 1. What is a tariff?2. What is the p