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Tariffs and Trade
/advocacy/tariffs-and-tradeThe Plastics Industry Association (PLASTICS) has been a vocal opponent of proposals to impose tariffs on plastic products, materials and machinery. Instead of leveling the playing field, tariffs can put us at odds with our allies, create market anxieties and take us away from freer trade, which... -
Steel and Aluminum Tariffs Made Permanent, U.S. Allies Retaliate
/article/steel-and-aluminum-tariffs-made-permanent-us-allies-retaliateAfter more than a two-month suspension where the countries negotiated for permanent exemptions, the Trump Administration ultimately decided to move forward with its plan to place tariffs on steel and aluminum imports originating from its strongest trading partners last week. Tariffs of 25 percent... -
Waiting for Godot or Higher Tariffs for Longer?
/article/waiting-godot-or-higher-tariffs-longerPerc Pineda, PhD, PLASTICS Chief Economist I started my career in trading in 1990. I recall transactions with China under letters of credit that did not follow the International Chamber of Commerce (ICC) Uniform Customs and Practice of Documentary Credits (UCP 500). China had no concept of the... -
Trump Temporarily Suspends Steel and Aluminum Tariffs for Some Trading Partners
/article/trump-temporarily-suspends-steel-and-aluminum-tariffs-some-trading-partnersOn March 22, President Trump suspended the tariffs on steel and aluminum imports from certain countries until May 1, 2018. The countries temporarily exempted from the tariffs are Argentina, Australia, Brazil, Canada, the European Union (EU) member countries, Mexico and South Korea. These countries... -
PLASTICS Expresses Opposition to Tariffs on Steel and Aluminum, Assists with Exclusion Requests
/article/plastics-expresses-opposition-tariffs-steel-and-aluminum-assists-exclusion-requestsOn March 8, President Donald Trump announced, through two signed presidential proclamations, a 25-percent tariff on imported (steel) and a 10-percent tariff on imported (aluminum) from all countries except Mexico and Canada effective on March 23, 2018. Before the proclamations were signed, PLASTICS... -
Plastics Industry Says Tariffs Endanger Growth
/article/plastics-industry-says-tariffs-endanger-growthPlastics Industry Says Tariffs Endanger Growth WASHINGTON, D.C., July 11, 2018—The Plastics Industry Association (PLASTICS) President & CEO William R. Carteaux made the following statement after the U.S. Trade Representative announced additional tariffs on plastic materials, machinery and... -
Trump Announces Chinese Tariffs to Increase to 25 Percent
/article/trump-announces-chinese-tariffs-increase-25-percentIn an abrupt tweet on Sunday, May 5, President Donald Trump announced that the 10-percent tariff rate on $200 billion worth of Chinese imports on List 3 of the Section 301 tariffs will increase to 25 percent on Friday, May 10. The announcement comes between the tenth and eleventh rounds of high-... -
Chinese Tariff Update and Impending Public Comment Period
/article/chinese-tariff-update-and-impending-public-comment-periodOn June 15, the Trump Administration announced the final list of $50 billion worth of China imports to receive additional tariffs. The list includes Chinese plastics machinery imports (beginning at 8465.92.00) that will receive an additional 25 percent in tariffs effective July 6. The... -
President Trump Proposes Steel and Aluminum Tariffs
/article/president-trump-proposes-steel-and-aluminum-tariffsSurprising everyone—including his staff, Capitol Hill, the business community and the steel and aluminum industries—President Donald Trump recently suggested that he would unilaterally impose a 25-percent tariff on imported steel and a 10-percent tariff on imported aluminum. After reviewing a trade... -
Tariff Update: U.S. & Chinese Trade
/article/tariff-update-us-chinese-tradeOn April 3, the Office of the U.S. Trade Representative (USTR) announced the proposal of additional 25-percent tariffs of $50 billion on certain products imported from China, including items of plastics machinery found in Chapter 84 of the Harmonized Tariff Schedule of the United States (HTSUS)....
