U.S. Tariffs Levied Against More Than 1,500 Chemicals and Plastics Products Will Have Long-Term Consequences for Producers, Suppliers, and Consumers
The following statement may be attributed to American Chemistry
Council (ACC) Director of International Trade, Ed Brzytwa, in response
to the implementation today of U.S. List 3 tariffs and subsequent
retaliation by China against U.S. exports:
the U.S. and China imposing another round of tariffs on an increasing
number of products, the cost of doing business in the United States is
rising. U.S. manufacturers today face a steep climb to retain our
position as one of the world’s leading, low-cost producers of chemicals.
A total of 1,517 chemicals and plastics imports from China, valued at
$15.4 billion, have now been targeted across all three U.S. lists. The
tariffs will cut off U.S. manufacturers from international supply chains
and from importing inputs that help keep them competitive in the global
marketplace. At the same time, retaliatory tariffs by China have hit
more than 1,000 U.S. chemicals and plastics exports, worth an estimated
$10.8 billion, erecting a huge barrier to China’s growing markets.
tariffs – in effect a tax – put U.S. chemical manufacturers at a
disadvantage, but we aren’t the only ones that will suffer the impact.
Since chemistry touches 96 percent of all manufactured goods,
taxes on our industry will ultimately raise the prices of popular
consumer products – everything from cars and trucks to electronics.
with previous tariff rounds, U.S. chemicals manufacturers welcome the
opportunity to make a case for why more chemicals should be excluded
from this round of tariffs. Earlier this month, our industry reached a
milestone – surpassing $200 billion in announced new chemical investment projects here in the United States.
Around half of that investment is still in the planning or development
stages and therefore vulnerable to delay or abandonment as a result of
the new tariffs imposed on our industry. Nearly all of that investment
is focused on serving the global market. American businesses, which may
have to consider shifting their production overseas to avoid the tariffs, or face the possibility of having to close up shop entirely, deserve the opportunity to be heard.
industry has been clear that a tit-for-tat trade war will hurt U.S.
manufacturers, retailers, and consumers. We call on the U.S. and China
to resume negotiations toward an agreement that will eliminate the need
for these costly tariffs.”
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