Pro-Trump CEO Left Reeling as His Dream E-Bike Company Files for Bankruptcy Under Trump Trade Policies - WTF Detective
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Electric Bicycle Co., a California-based assembler and painter of custom e-bikes, filed for Chapter 7 bankruptcy liquidation last week, reporting total liabilities of $6.1 million, including secured claims of $960,000, and assets of $953,000. South African-born Sean Lupton-Smith, who founded EBC about 14 years ago following a career as a restaurateur, told BRAIN on Wednesday that U.S. tariffs on imported…

Electric Bicycle Co., a California-based assembler and painter of custom e-bikes, filed for Chapter 7 bankruptcy liquidation last week, reporting total

  • deadbeef79000@lemmy.nzEnglish
    13·
    17 days ago

    … but competitors are skirting tariffs through other countries — under invoicing and selling direct and often below costs without legitimate certifications, safety standards, etc.”

    Sounds like a whiny shit. “Everyone else cheating… Waugh Waugh Waugh” etc.

    No, you sad Trump Chump, they’re going out of business too.

    • jacksilver@lemmy.worldEnglish
      2·
      16 days ago

      I mean, this is absolutely an issue and how we should attack trade negotiations/manufacturing protections. There are many things sold online that skirt regulations/tariffs/etc.