Wisconsin company welcomes tariffs

Saris makes bike accessories in Madison.

CEO Chris Fortune says 92% of sourcing and manufacturing comes from Wisconsin.

"We wanted to be able to produce product in the United States, that was our mission, our goal 30 years ago. But it's tough right now because we're paying this duty already on steel and aluminum that our competitors aren't paying," says Fortune.

Many big bike makers have outsourced labor and parts to china, getting a cheaper price. But now they're being hit with a new 25% tariff on Chinese imports.

Fortune supports it, "if they eliminated all tariffs, our prices would go down. But if they just eliminate those tariffs on the goods coming in, we're not competitive because we're paying a higher price on steel and aluminum 17 and so it's a way to level the playing field for us. We need that."

He says when President Trump imposed a tariff on imported steel and aluminum last March, even though Saris gets it's metal from the U.S. those prices went up too, forcing Saris to increase the cost of products.

Now he's seeing his competitors who import from China - being forced to pay more too or make somewhere else.