Más

Panjiva_research_logo

Tariff Exemption Failure May Be The Least of BorgWarner, Denso’s Concerns

China 2432 Cons. Discr. - Autos 881 Tariffs 1572 U.S. 4291

Applications for relief from the U.S. government’s section 301 duties on Chinese exports are proceeding slowly and are generally proving unsuccessful. Between Feb. 15 and Mar. 5 decisions were made on 873 cases of the 9,122 outstanding. All were denials, bringing the proportion denied to 82.2%. While that may seem moot with U.S.-China trade relations improving the exemptions can also bring a rebate of prior duties.

The automotive components sector has been a notable loser in the latest round of denials with BorgWarner, Denso, Sumitomo Electric and Valeo losing out. The situation s...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.