• Read time: 2 minutes
  • Press Release

ACC and CEFIC Welcome Resolution of U.S. Section 232 Tariffs and EU Retaliatory Tariffs

Andrew Fasoli
Roosa-Maiju Huhtaniska

(November 4, 2021) – American Chemistry Council (ACC) President and CEO, Chris Jahn, and Cefic Director General, Marco Mensink, issued the following statement in response to the U.S. and EU agreement to end the harmful tariffs impacting the transatlantic chemical industry:

“The U.S. and European chemicals industries welcome the agreement on steel and aluminum trade announced during the G-20 summit. The chemicals industry is one of the most globalized industrial sectors, both in the EU and in the U.S., and is highly dependent on open and fair trade. As longstanding supporters of free trade, ACC and Cefic believe tariffs between close allies such as ours should not exist. We look forward to this week’s compromise helping to ease the tariff burden on transatlantic chemical manufacturers.

“We also encourage the U.S. and EU to work together to seek a long term-solution to avoid managed trade measures – like tariffs, quotas, and tariff-rate quotas – based on unsubstantiated national security concerns. A tariff-free trading environment between the U.S. and EU is the best way to unlock the full potential of chemicals and downstream manufacturing growth on both sides of the Atlantic, especially as we recover from the COVID-19 pandemic. We will continue to call for both sides to fully eliminate transatlantic chemical tariffs in the future.

“Demonstrated leadership on suspending tariffs should also further strengthen the U.S.-EU relationship and cooperation within the World Trade Organization (WTO). With the suspension of these tariffs, modernizing the WTO and the rules-based international trading system would be the sensible next step toward protecting, promoting, and enforcing free and fair trade around the globe.”

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.

Cefic, the European Chemical Industry Council

Cefic, the European Chemical Industry Council, founded in 1972, is the voice of the large, medium and small chemical companies across Europe, which provide 1.1 million jobs and account for 15 percent of world chemicals production.

We use cookies to personalize content and ads, to provide social media features, and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.

Privacy Policy - Terms & Conditions