Consumers may soon feel the pinch from a new round of US import tariffs, as goods ranging from bicycles to commercial baking trays are being targeted. The US Commerce Department is reviewing a list of approximately 700 new products, nominated by American companies, to be added to a special “steel derivatives” tariff list.
This follows a similar move in August that already applied extra levies to 407 items, including some Ikea tables (for their metal nuts and bolts) and German combine harvesters. The new list expands this policy significantly, targeting everyday and specialized goods alike.
For example, Guardian Bikes in Indiana has asked for tariffs on imported bicycles. While its complaint focused on competition from China, an approved tariff would apply globally, affecting popular UK brands like Brompton and high-end Italian bikes from Pinarello and Bianchi. Similarly, American Pan and Chicago Metallic are asking for tariffs on foreign-made baking pans, muffins tins, and croissant trays.
The problem, according to US firms, is that they pay high tariffs on raw steel, while foreign companies can export finished goods containing that same steel without facing a comparable tax. However, the solution—adding new tariffs—will likely raise costs for importers, distributors, and ultimately, American consumers.
Global exporters are watching nervously, as the new tariffs would be stacked on top of existing baseline import duties. With a decision expected in December, the price of hundreds of common goods could be set to rise.