The U.S. ITC has determined that alleged dumping of tapered roller bearings by South Korean manufacturers has harmed U.S. industry. A preliminary decision on duties for the product – used in the automotive industry – is not due until December 5. Panjiva data shows the impact may be minimal even if high tariffs are applied. South Korean shipments fell 7% in the second quarter on a year earlier, and accounted for just 8% of the total (Japan is 30% and the EU 22%). Indian manufacturers may be the new threat – their exports to the U.S. cimbed 40% in the second quarter and are 10% of the tota...
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