As you know, the U.S. Government has recently imposed tariffs on most bearings and industrial products that are manufactured in China. RBI has manufacturing facilities in Wuxi, China and many of our products have been affected by these tariffs.
Although the 25% and 10% tariff is substantial, we feel the greater risk is going to be a breakdown of the supply chain in China. As business slows in China and orders are reduced or eliminated, many factories cannot sustain the loss of business and ultimately, they will close. We have seen this start to happen leaving a large void in the supply chain, which will affect shipments.
With 27 years in business, and our expertise in logistics /warehouse management and our cross cultural working system, we can assure you of on-time shipments and customized stocking programs to assure that you receive your products when you need them.
Mike Kenney, President