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Last updateMon, 24 Sep 2018 8pm

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ACC: Tariffs on Chemicals, Plastics Threaten Economy

Punitive measures imposed on China as a result of the U.S. Section 301 investigation have incited retaliatory tariffs on $11 billion in U.S. chemicals and plastics exports and put nearly 55,000 American jobs and $18 billion in domestic activity at risk as a result of reduced demand for those products, according to new economic report published by the American Chemistry Council (ACC). The release of the new data coincides with ACC’s filing of public comments on U.S. ‘List 3’. Losses to U.S. chemical and plastics exports could reach as high as $6.1 billion annually under a worst-case scenario, according to ACC. 

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