Subscribe

Wed July 11, 2018

Plastics 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 products from China:

“This disruptive approach to trade policy endangers the gains that America’s $404-billion plastics industry has made as a result of this Administration’s achievements on comprehensive tax and regulatory reform. Tariffs threaten to boomerang on the very workers they’re supposed to help, and will only further undermine the confidence manufacturers need to make investments in new equipment, facilities and people.

Our entire supply chain needs a reliable, rational approach to trade in order to truly build on last year’s momentum and deliver real benefits to the families and communities that depend on plastics.”

 

###

About Plastics Industry Association

The Plastics Industry Association (PLASTICS), formerly SPI, is the only organization that supports the entire plastics supply chain, representing nearly one million workers in the $404 billion U.S. industry. Since 1937, PLASTICS has been working to make its members and the industry more globally competitive while advancing recycling and sustainability. To learn more about PLASTICS’ education initiatives, industry-leading insights and events, networking opportunities and policy advocacy, and North America’s largest plastics trade show, NPE: The Plastics Show, visit plasticsindustry.org. Connect with PLASTICS on Twitter, Facebook and LinkedIn.