PlasticsEdge™ Lead Generation Program: Call 978-342-9000 for details or email [email protected]


Plastics-News-Today-American-chemical-industry-fights-against-US-tariffs

The Trump administration has imposed an additional 10% tax on 6000 Chinese products, and more than 1500 are related to chemistry

The US chemical industry is pushing back hard against the Trump administration for escalating a trade war with China, which it fears could especially damage America’s chemicals sector. The US Trade Representative (USTR) announced earlier this month that an additional $200 billion (£153 billion) in Chinese goods, including a significant number of chemicals, will be subject to a 10% tariff that could take effect as soon as September.

Among the Chinese chemical targets for the new tariffs are ethylene propene, acyclic hydrocarbons, ethylene glycol, as well as plasticisers of aromatic polycarboxylic acids.

The American Chemistry Council (ACC), which represents US chemical companies, issued a statement on 11 July calling the administration’s action ‘a stunning and unfortunate development’ for the nation’s manufacturers and consumers. ‘Unilateral actions that alienate long-standing US allies and close off the US market to the rest of the world are not a recipe for economic growth and prosperity and are very unlikely to change China’s unfair practices,’ the trade group added. ‘We strongly urge the administration to create a strong, multilateral coalition to bring an end to this unnecessary trade war.’

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

How the ethane molecule changed the Gulf Coast — and the world

Houston Chronicle — Working in nearly 100-degree heat, sweating...

Medical Plastics Market Projected To Exceed USD 37.5 Billion By 2026

Digitaljournal.com — The Medical Plastics market is anticipated to...

Can Anyone Catch America In Plastics?

Forbes.com — Ethane prices recently hit a four year high. Demand is...

Toray Plastics America has expanded its portfolio of white films

Toray Plastics (America),has expanded its portfolio of white films...

Pyrolysis firm Agilyx unveils recycled chemicals to make olefins

Oregon — Agilyx is already processing scrap PS into a feedstock for...

Exports to Thailand collapse after ban

Thailand — A Thai policy restricting the import of scrap plastics...

Third round of US-China tariffs to hit China finished plastics exports hardest

NEW YORK (ICIS) — As the third round of US-China tariffs looms,...

Sunlight converts plastic waste to hydrogen fuel

UK — UK scientists have discovered a simple sunlight-driven process...

Obituary: Aldo Crugnola – Former Dean U Mass Lowell & Plastics Professor

DRACUT, Mass — Dr.Aldo Mario Crugnola, 90, passed away, Tuesday,...

Brexit could cripple UK plastics industry

At 11 PM on March 29, 2019, the UK is scheduled to leave the EU....