Caterpillar Gets Tariff Exemption, Won’t Lift The Business — Panjiva


Caterpillar Gets Tariff Exemption, Won’t Lift The Business

China 1793 Industrials - Capital Goods 271 Tariffs 1205 U.S. 3362

The U.S. Trade Representative has granted exemptions from 25% duties on Chinese exports to 21 products in petitions filed by 35 companies. That brings the rate of approvals for exemptions to 21.4% of decisions made, though 50.9% of the 13,761 requests have yet to be determined. The latest round of approvals includes valves imported by BorgWarner and Whirlpool as well as a range of forklift truck parts imported by Caterpillar and Mitsubishi’s joint venture. The JV sourced 30.6% of its U.S. seaborne imports from China in 2018 and has cut its Chinese imports by 33.1% year over year in...

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