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From: sms <scharf.steven@geemail.com>
Newsgroups: rec.bicycles.tech
Subject: Re: Tariffs and bikes
Date: Fri, 4 Apr 2025 09:16:05 -0700
Organization: A noiseless patient Spider
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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.