“We have been quite successful to date in passing import tariffs on to customers. There can sometimes be a short lag in the compensation but, on the whole, we have passed them on,” a SKF spokesman said.
“At this stage, we would aim to do the same with these tariffs,” he said in an email when asked how SKF intended to deal with latest U.S. initiative.
Gothenburg-based SKF, which has had a presence in Mexico since 1920, employees 1,500 people and operates five factories, with three manufacturing seals and bearings for automotive customers and the rest for industrial clients.
Besides selling to customers in North America, SKF also sells products in Mexico to customers in the mining, steel, metalworking, petroleum, pulp and paper and food industries.