Re: Tariffs and bikes

The whole idea of increasing taxes on the masses, while decreasing them on the wealthy, is so Republican, and so Reaganesque with the fraud of "Trickle-Down Economics."
These new high taxes on discretionary items will be disastrous since a new bike, a new phone, or even a new car, is not generally a required purchase, and consumers will be unwilling to pay much more. So companies like Trek will likely absorb some of the tariffs by accepting lower margins.
OTOH, some businesses, like car repair shops will see more business as consumers spend more to keep their existing vehicle working.
For items that are not discretionary, like food, we'll just have to pay more for the same items or switch to lower-cost items.