You may need to pay more for your exercise equipment when the latest pay plan by President Donald Trump goes into effect for China occurs.
A number of fitness associations and exercise equipment manufacturers have recently written to the Office, the US Trade Representative said the proposed fine on Chinese imports could harm the fitness industry and bring much higher prices to consumers.
The Sports & Fitness Industry Association (SFIA), a trade organization representing the fitness industry Several companies have commented in a series of comments that the tariffs cost an additional $ 7 billion for US buyers of exercise equipment. and sports equipment. According to the SFIA, these increased costs could lead some families to cease activities such as youth sports. Fitbit, maker of the popular fitness tracker, wrote that a tariff on its devices ̵
The company continues to argue that foreign manufacturers of fitness trackers could sell their goods at a much lower price, thereby jeopardizing American companies like Fitbit. Fossil, a watch company, also expressed concerns about the impact of the tariff on fitness trackers.
In a letter, the SFIA argues that tariffs could jeopardize Everlast Sports, which manufactures its boxing and MMA equipment in China. "The search for alternative sources of production will prove a daunting task, as, as mentioned earlier, the capacity to produce these products outside of China, if any, is very low," says Randy in SFIA's 1945-0293 commissioned by Everlast Hetrick, inventor of the TRX chassis trainer, asked the administration to stop the tariffs. This would result in tens of thousands of independent fitness professionals and their customers' higher costs for our products and adversely affect small business owners and entrepreneurs in the United States.
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Even before Trump became president, he complained about trade policy between the US and China and fought to reduce the trade deficit between the two countries. He has already introduced tariffs – or taxes – on goods around the world, some of which are aimed directly at China.
In May Trump proposed raising existing tariffs and introducing a new 25 percent rate for certain goods – that's what troubled the fitness industry. The tariffs are partly intended to encourage consumers to buy American-made products as they would increase the prices of foreign goods.
At the end of June, the US and China agreed on a tentative ceasefire to discuss alternative measures. But there have been truces between the two sides that have collapsed and led to tariffs on both sides.