E-bikes, like this one crusing on the Eastbank Esplanade, have become very popular in Portland. A new tariff could chill the market.(Photo: Will Vanlue for BikePortland) “Our forecasts predict that a 25% tariff will cause a 65-75% drop in sales as consumers postpone their purchases until sanity returns to our trade policies.”— Wake Gregg, The eBike Store In their ongoing effort to achieve more “fair and balanced” trade conditions with China, the Trump Administration has finalized a list of $16 billion worth of products that will be hit with a 25 percent tariff that will go into effect August 23rd. Among those products are electric bicycles and e-bike motors. Bikes imported from China previously had no tariff. The tariff on motors will be 29 percent as the new tariff will be added to the existing one 4 percent. People for Bikes, a national bike industry advocacy group, fought the move, but has so far been unsuccessful. This is bad news for the e-bike market. As we shared last week, sales of the pedal-assisted bikes have been a major bright spot for bike companies and retail shop owners. Here in Portland, we have a thriving e-bike scene and shop owners report brisk sales. There’s ...