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WASHINGTON (July 11, 2018) – The American Chemistry Council (ACC) issued the following statement in response to the Administration’s announcement that an additional $200 billion in Chinese goods, including a significant number of chemicals, will be subject to a 10 percent tariff:

“The Administration’s announcement of a potential 10 percent tariff on $200 billion of additional imports from China, including a significant amount of chemicals, is a stunning and unfortunate development for U.S. manufacturers and consumers. Unilateral actions that alienate long-standing U.S. allies and close off the U.S. 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.

“As an industry that touches 96 percent of all manufactured goods and which has much to gain from a productive, respectful trading relationship with China, ACC and our members remain hopeful that the U.S. and China can resolve their differences and prevent further harm to U.S. manufacturers, farmers, and consumers. We strongly urge the Administration to create a strong, multilateral coalition to bring an end to this unnecessary trade war.”

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