June 17,2024
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June 17,2024
Dear Magicycle Community,
We regret to inform you of some significant changes due to the expiration of the Section 301 tariffs on ebikes, as recently announced by the United States Trade Representative (USTR). The exemption from the tariffs related to bikes and e-bikes has not been extended, leading to a notable increase in our import costs. With this extension set to end on June 14th, we will be adjusting our prices on some models starting June 24th.
We understand that this news may be disappointing, and we want to assure you that this decision was not made lightly. The increase in tariffs presents a substantial financial challenge for us, and adjusting our prices is necessary to continue providing the same high-quality e-bikes and services that you have come to expect from Magicycle.
We remain committed to offering the best products and customer experience. Our team is dedicated to finding ways to mitigate these costs wherever possible, and we will continue to explore strategies to ensure our e-bikes remain accessible and competitively priced. Your satisfaction and support are of utmost importance to us, and we appreciate your understanding during this transition.
We encourage you to take advantage of our current pricing before the new tariffs take effect. This is a great opportunity to purchase an e-bike at the existing rates before the price adjustment on June 24th. Our customer service team is available to assist with any questions you may have regarding this change.
Thank you for your continued loyalty and support. We are committed to navigating these changes while maintaining the quality and service you expect from Magicycle.
Sincerely,
The Magicycle Team
We regret to inform you of some significant changes due to the expiration of the Section 301 tariffs on ebikes, as recently announced by the United States Trade Representative (USTR). The exemption from the tariffs related to bikes and e-bikes has not been extended, leading to a notable increase in our import costs. With this extension set to end on June 14th, we will be adjusting our prices on some models starting June 24th.
We understand that this news may be disappointing, and we want to assure you that this decision was not made lightly. The increase in tariffs presents a substantial financial challenge for us, and adjusting our prices is necessary to continue providing the same high-quality e-bikes and services that you have come to expect from Magicycle.
We remain committed to offering the best products and customer experience. Our team is dedicated to finding ways to mitigate these costs wherever possible, and we will continue to explore strategies to ensure our e-bikes remain accessible and competitively priced. Your satisfaction and support are of utmost importance to us, and we appreciate your understanding during this transition.
We encourage you to take advantage of our current pricing before the new tariffs take effect. This is a great opportunity to purchase an e-bike at the existing rates before the price adjustment on June 24th. Our customer service team is available to assist with any questions you may have regarding this change.
Thank you for your continued loyalty and support. We are committed to navigating these changes while maintaining the quality and service you expect from Magicycle.
Sincerely,
The Magicycle Team
