FIRMS MULL SHIP­MENTS TO US BE­FORE TAR­IFF IN­CREASES

Sun.Star Cebu - - WORLD -

Fac­ing a pos­si­ble US tar­iff hike, one of China’s big­gest ball bear­ing mak­ers, Cixin Group, is weigh­ing plans to rush ship­ments to Amer­i­can cus­tomers be­fore the in­crease makes its sales un­prof­itable. The com­pany in the eastern city of Ningbo is among ex­porters of goods from mo­tor­cy­cle parts to elec­tron­ics that are scram­bling to cope with Pres­i­dent Don­ald Trump’s higher du­ties by ship­ping early, rais­ing prices or find­ing new mar­kets. The 25 per­cent in­crease would turn Cixin’s prof­its to losses in the US mar­ket, which takes 30 per­cent of its ex­ports, ac­cord­ing to Wang Liqiang, a com­pany man­ager. “We are con­sid­er­ing man­u­fac­tur­ing as many ball bear­ings as pos­si­ble for the US mar­ket be­fore the im­po­si­tion of tar­iffs,” said Wang. /

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