Minnesota bike shops brace for price hikes as tariffs loom

In Minnesota, the cycling community is bracing for significant price increases on bicycles and e-bikes due to impending tariffs expected to be imposed shortly. Bike shop owners are feeling the pressure, with many concerned about the impact on their sales just as the spring season begins, a time when many consumers are typically eager to purchase new bikes. Luke Breen, the owner of Perennial Cycle in Minneapolis, shared that he is experiencing unprecedented levels of uncertainty as suppliers and customers face the effect of these tariffs. With tariffs expected to raise prices by as much as 50%, customers are being urged to act quickly to take advantage of current prices. Breen noted that particular models could see price increases of thousands of dollars, which would heavily impact sales, especially during the spring when people are most likely to invest in outdoor activities. Even e-bikes, which have rapidly gained popularity, are not immune from the impending price hikes as manufacturers rely on essential imported parts. Additionally, businesses are left with very limited inventory at pre-tariff prices, with many bikes either currently in stock or under shipment facing inevitable price adjustments once the tariffs are implemented. Breen assured customers that the bikes currently available for sale would retain their prices, but future inventory would be more expensive. As tariffs potentially affect even American-made bicycles due to reliance on imported components, industry insiders express deep concern about the long-term implications for the retail sector as well. Overall, the combination of seasonal demand and looming price hikes creates a challenging landscape for bike providers in Minnesota, with many jockeying to find a way to maintain sales volume and provide their customers with the best available options.