Tapered Bearings Roll More Swiftly as Duties Overturned But s232 Beckons — Panjiva


Tapered Bearings Roll More Swiftly as Duties Overturned But s232 Beckons

Cons. Discr. - Autos 661 Metals - Steel 360 South Korea 383 Tariffs 1169 U.S. 3297

The U.S. ITC has ruled South Korean exports of tapered roller-bearings, used in the automotive industry, have not harmed U.S. manufacturers. As a result duties called for by the Commerce Department won’t be applied. That doesn’t mean consignees including Daimler and Schaeffler are out of the woods though. The products may instead be captured by the ongoing section 232 review of the automotive industry. The prospect of duties, as well as expectations of the duties being overturned, likely drove a surge in imports seen in the second quarter. Shipments climbed 78% on a year earlier from Sou...

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