Seattle e-bike company says tariffs could puncture growth of its $50M business
(WorldNews Business)

Rad Power Bikes has gone from a handful of employees to 75 as swiftly and smoothly as an electric bicycle climbing Capitol Hill, but the Seattle company and others in the growing e-bike sector now face the financial equivalent of tacks scattered on the roadway. A new round of 25 percent tariffs imposed by the Trump administration on numerous imports from China is scheduled to take effect Thursday. Rad, which designs its bikes here but has them built in China, says it will soften the financial pain for consumers by absorbing nearly half the blow itself. Its $1,499 bikes will cost buyers $200 more as of Aug. 23 - but...