Tern Bicycles Faces $1 Million Tariff Crisis: A Race Against the Clock
Tern Bicycles, a Taiwan-based e-bike maker, is in a scramble to avoid a potentially crippling $1 million tariff fee. This looming charge threatens to disrupt the company’s U.S. operations if shipments donโt clear customs by next Wednesday. The tariff hike, announced by President Trump on April 2, was a sudden blow to the e-bike industry,…