#trump’s trade war is coming for cheap scooters and the #startups that love them
August 17, 2018 | Uncategorized
The Trump administration’s latest trade penalties against China could siphon millions of dollars from Silicon Valley’s latest darling: electric scooter startups. Since most US e-scooter companies rely on vehicles manufactured in China, the most recent slew of tariffs to go into effect could slam the brakes on the budding two-wheeled revolution.
On August 7th, the administration announced that it will be placing a 25 percent tariff on $16 billion in Chinese goods, bringing the simmering trade war with China to a boil. The tariffs are the second round of taxes that the US has imposed on Chinese goods — the first was slapped on $34 billion worth of…
