U.S. bicycle dealer profits pinched by tariffs

World Today

The U.S. home improvement retailer Home Depot says it plans to keep most of its prices stable in the wake of Trump administration tariffs. But a new survey by insurance company Allianz found more than half of all U.S. companies say they will have no choice but to raise prices. Among those feeling the tariff pinch are U.S. bicycle dealers.

CGTN’s Hendrik Sybrandy reports.