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Ryan Baldwin
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WASHINGTON (September 17, 2018) – The following statement may be attributed to American Chemistry Council (ACC) President and CEO, Cal Dooley, in response to the Administration’s announcement today that it will impose 10 percent tariffs on an additional $200 billion of Chinese imports:

“There is no acceptable tariff rate for global chemicals trade with China or any U.S. trading partner. Only zero tariffs will maximize our industry’s potential to deliver innovative products to new regions and increase social, environmental, and economic sustainability around the world.

“Total chemicals trade between the U.S. and China has grown steadily over the years, and manufacturers in both countries depend on doing business together in order to stay competitive in the global marketplace. With the right trade policies in place, both countries can win. Achieving robust intellectual property protections should also be a priority, but ACC believes those concerns are better addressed with multi-lateral support and swift resolve on the part of the World Trade Organization.

“In the U.S., we recently reached a milestone with $202.4 billion in announced new chemical industry investment across 333 projects. China’s retaliatory tariffs on $11 billion in U.S. chemicals and plastics exports now put nearly 55,000 American jobs and $18 billion in domestic activity in question as a result of reduced demand for those products. Tariffs and quotas unnecessarily raise costs, deter innovation and economic growth, and could ultimately weaken our country’s competitive advantage.

“ACC and our members value cooperation and trade with our Chinese partners and we are ready to assist the Administration in setting a course that helps eliminate trade-distorting policies and that promotes the competitive success of the U.S. chemicals industry.”

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