The Canadian parent of Schwinn, Cannondale and other bike brands said that it will suspend its dividend indefinitely because of order cancellations precipitated by the increase in China tariffs to 25% in May. In what is the clearest example we’ve seen so far of the effect of the reckless imposition of tariffs, Dorel attempted to raise prices midway through the third quarter and its mass retail customers could not accept the increase. That pushback resulted in cancelled orders and changed orders to favor less expensive bikes. In addition, third quarter sales took an unspecified hit when some large U.S. customers ... Log in to view full article.