Tires can be defective. Lift the front end and rotate, see if the tread moves in and out as it turns. It should run VERY close to true, a couple of mm might be OK but not much.
If the wheel rim runs true, the tire's bead line is equally spaced from the rim all the way around, and the outside of the tire goes up and down: demand a replacement tire.
If some runout exists check that the bead line to rim distance isn't following the tire runout: if it is, the thing is still not seated properly. It can be a mental hella hard job to fully seat a tubeless tire on our tube-type rims.
If the wheel has been balanced and the weights are strangely large, suspect either incomplete seating, a bad tube (cheap tubes can be way out of balance because the rubber thickness varies too much) or a bad tire. You can't see the bad tube, and it won't cause problems once balanced... but poor seating or a bad tire can give you the radial runout that will cause bouncing.