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  • Press Release

ACC Statement on the USITC Report on Section 232 and 301 Tariffs

Andrew Fasoli

Washington, DC (March 17, 2023) – On March 15th, the United States International Trade Commission released a report on the economic impacts of the Section 232 and 301 tariffs on U.S. industries. The following statement can be attributed to ACC:

“This week’s USITC report highlighted a fact that was already known by ACC and many of our members, that these tariffs are not impacting the intended target of China but instead hurting American businesses, workers, and consumers.  U.S. importers and consumers are bearing the brunt of the tariff costs, paying billions in extra taxes. The business of chemistry is particularly impacted by section 301 tariffs, affecting almost 75% of chemical industry imports, which amounts to nearly $20 billion in imports. It will be important to address the section 232 and 301 tariffs before more harm is done to American industry.”

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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