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Wed April 4, 2018

The Plastics Industry Association (PLASTICS) President and CEO William R. Carteaux made the following statement after China and the U.S. proposed tariffs on the import and export of plastics machinery, materials and products.

“China is proposing tariffs on plastic materials and plastic products from the U.S., while the U.S. is proposing tariffs on plastics machinery from China. This is despite the fact that both countries would benefit from a freer approach to trade, one that lies in a different direction than the one that both countries seem to be taking. The persistent trade deficit that the U.S. has had with China is troublesome, and springs from real structural issues that should be resolved, but not through tariffs, which only serve to limit our industry’s potential growth.

The U.S. plastics industry is large but it’s dynamic enough to handle a great deal of fluctuations in pricing, market access and policy. While we’re confident in the plastics industry’s ability to handle these changes, these proposed tariffs are already causing global market anxieties and will disrupt the supply chains of companies large and small if they take effect. They take us further away from the goal of establishing the fairer, more balanced global trading environment that both the U.S. and China would benefit from.

Before these tariffs take effect, we urge both countries to reconsider taking yet another step in the wrong direction with their economic policies, and urge both nations to come together to find real solutions that benefit all companies and consumers.”