Washington, D.C. — The Plastics Industry Association (PLASTICS) Chief Economist, Dr. Perc Pineda, has released a new economic analysis evaluating the impact of recent U.S. tariff shifts on the plastics industry’s supply chain.
“As far as the U.S. plastics industry is concerned, the shifts in U.S. tariffs and trade policy have not caused supply chain disruptions,” writes Dr. Pineda. “In resin production, there was a 6.9% decrease in May year over year, followed by an increase of 0.7% in June and 7.6% in July year over year. With the U.S. being a net exporter of plastic materials and resin, higher tariffs have not impacted the economy’s supply of plastic materials, which account for roughly half of the cost of plastics conversion.”
Click here to read the full analysis on the PLASTICS blog.
About the Plastics Industry Association
The Plastics Industry Association (PLASTICS) supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $551 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the eighth largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE: The Plastics Show.
