Rail Merger Threatens Economy

Firsthand Accounts of the Impact of China Section 301 Tariffs on U.S. Chemicals Manufacturers 

The American Chemistry Council (ACC) and its members are gravely concerned that Section 301 tariffs and corresponding retaliation by China will cause deep and lasting harm to the U.S. economy, manufacturers, farmers, workers, and consumers.

With the U.S. Lists 1, 2 and 3 now in effect, a total of 1,517 chemicals and plastics products, valued at $15.4 billion, are exposed to the tariffs. At the same time, retaliatory tariffs on $11 billion in U.S. chemicals and plastics exports to China have put nearly 55,000 American jobs and $18 billion in domestic activity at risk as a result of reduced demand for those products.

As the tariffs take effect, direct investment in the U.S., both foreign and domestic, will begin to decrease, and supply chains will move to other markets, thereby limiting opportunities for innovation, economic growth, and prosperity in the United States. Below are a selection of firsthand accounts shared by ACC’s members on the projected impacts to their businesses.

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Trade Tariffs
American Chemistry Council

The American Chemistry Council’s mission is to advocate for the people, policy, and products of chemistry that make the United States the global leader in innovation and manufacturing. To achieve this, we: Champion science-based policy solutions across all levels of government; Drive continuous performance improvement to protect employees and communities through Responsible Care®; Foster the development of sustainability practices throughout ACC member companies; and Communicate authentically with communities about challenges and solutions for a safer, healthier and more sustainable way of life. Our vision is a world made better by chemistry, where people live happier, healthier, and more prosperous lives, safely and sustainably—for generations to come.