U.S. Chemicals Manufacturers Call for Sensible Trade Policy Solutions
The following statement may be attributed to American Chemistry Council (ACC) President and CEO, Cal Dooley, in response to reports by U.S. Trade Representative Robert Lighthizer of a Friday deadline for resolving escalating trade tensions between the U.S. and China:
“U.S. chemical manufacturers support comprehensive and sensible trade policy solutions that help us maximize our competitive advantage, grow our exports and create jobs. The risks of continuing to use tariffs as a negotiating tactic with China are simply too high – and any potential benefits still unclear. China supplies the United States with several chemicals which are not available anywhere else and which are critical inputs to U.S. manufacturing. China is also the third-largest export market for U.S. chemicals manufacturers. Future growth for our industry depends on a strong trading relationship with China and a trade policy that creates certainty and predictability for investors – not a looming threat of more or higher tariffs."
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