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WASHINGTON (August 1, 2018) – American Chemistry Council (ACC) President and CEO, Cal Dooley, issued the following statement in response to the Trump Administration’s announcement today of a potential increase of the tariff rate for ‘List 3’ goods from 10 percent to 25 percent:

“Raising the tariff rate for List 3 to 25 percent would be devastating for U.S. chemicals manufacturers. Approximately $16.4 billion of the imports targeted are chemicals and plastics products. Small and medium-sized enterprises in particular are at risk of being put out of businesses by a cost-increase of that kind. These businesses deserve, and will vigorously utilize, the opportunity to tell their stories to policymakers firsthand.

“China has made it clear that it will retaliate in kind. Our allies are ready to work with us to put multilateral pressure on China to curb its unfair and discriminatory practices. We implore the President to let this be the final provocation and negotiate with China to bring an end to this trade war.”

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