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Analysis of Section 301 Tariff Impacts on Chemicals Trade 

Virtually every U.S. manufacturing industry has felt the damaging effects of trade policy uncertainty and high and broad tariffs over the past four years. The U.S. chemicals industry, the heart of all U.S. manufacturing, was among the hardest hit industries during the Trump Administration’s trade wars, with $20 billion in U.S. chemicals industry imports impacted by the China Section 301 tariffs.

Fast forward to today, and chemistry touches virtually all facets of the Biden Administration’s February 24 Executive Order on America’s Supply Chains and “Build Back Better” agenda. And yet, the tariffs continue to disrupt the U.S. chemical industry’s supply chains and – most importantly – our ability to support priority Biden Administration objectives: making supply chains resilient; strengthening and building infrastructure; and establishing industries essential to American economic competitiveness.

 

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American Chemistry Council

The American Chemistry Council (ACC) represents the leading companies engaged in the multibillion-dollar business of chemistry. ACC members apply the science of chemistry to make innovative products, technologies and services that make people's lives better, healthier and safer. ACC is committed to improved environmental, health, safety and security performance through Responsible Care®; common sense advocacy addressing major public policy issues; and health and environmental research and product testing. ACC members and chemistry companies are among the largest investors in research and development, and are advancing products, processes and technologies to address climate change, enhance air and water quality, and progress toward a more sustainable, circular economy.

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