China bearing industry threatened by potential tariff increase

The proposed tariff on Chinese-made bearings and other products officially went into effect July 6, 2018. As a result, all bearings manufactured in China will be impacted and increased by 25 percent.

The bearing industry received some unfortunate news April 10, 2018. According to the government, there will be an additional tariff imposed on all Chinese-made bearings of 25 percent if new terms with China aren’t negotiated.

HOW THE PROPOSED TARIFFS WILL AFFECT AMERICAN BEARING DISTRIBUTORS

The proposed new tariffs would add a list of products from China, all of which would receive an additional 25 percent rate. This new rate would be applied on top of existing rates. That would mean:

Chinese-made ball bearings would have a 34 percent duty rate applied, up from 9 percent

Chinese-made spherical roller Bearings, cylindrical roller bearings, and needle roller bearings would have a 30.8 percent duty rate applied, up from 5.8 percent

Chinese-made tapered roller bearings would have a 118 percent duty rate applied, up from 93 percent

According to The Office of the U.S. Trade Representative (USTR), these tariffs are being proposed because certain policies and acts by the Government of China are “unreasonable or discriminatory and burden or restrict U.S. commerce.” However, these added tariffs could hurt U.S. businesses, as importers of bearing products like Ritbearing may be forced to raised pricing on Chinese bearings by up to 25 percent in response to the tariffs. These tariffs would be put in place for products under the following HTS codes:

84821050, 84822000, 84823000, 84824000, 84825000, 84828000, 84829100, 84829905, 84829915 84829925, 84829935, 84829945, 84829965, and 84833040.

About BHR Bearing ( Shenzhen Qinggong Bearing Co, Ltd.)

Shenzhen Qinggong Bearing Co., Ltd. （www.bhrbearing.cn）is a well-know bearing manufacturer in China since the year 1996 with its own factory. Despite our own BHR bearings, we also distribute kinds of famous branded bearings from worldwide manufacturers SKF, FAG, NSK, KOYO, NTN, NACHI, ASAHI, TOYOTA......and OEM can also be supplied.

We Shenzhen Qinggong Bearing Co., Ltd. is focused and committed to deliver our customers high quality products and solutions because they are at the core of everything we do. By combining technology with our design engineering expertise we are able to offer a breadth of advanced bearings and solutions. 

With variety of bearings, competitive prices, fast delivery and good after-sale service, hope we will get a chance to talk bearings together.