The polyurethane industry on both sides of the Pacific is cautious about the impact of current Sino-US trade disputes.
The United States threatens to impose a 25% tariff on a large number of high-quality, major industrial products supplied by China. This is a retaliation against China for a series of tariffs imposed on fruits, nuts and steel pipes in April.
The categories of products that may be subject to tariffs listed on the US Federal Register on June 20, 2018 include:
● Polymer and rubber cutting machinery;
● Injection molding machine for rubber or plastic shoes;
● General plastic production machinery;
● shoe manufacturing mold; plastic processing machine
Lu Jie, deputy secretary general of the China Polyurethane Industry Association (CPUIA), said: 'The second batch of products facing US tariffs have polyurethane products. We only have one company that exports a large amount of polyether polyols to the US, and we are still trying to analyze It will have an impact. '
The American Chemistry Council said: 'If the US trade policy has unintended consequences, the cost of producing polyurethanes will rise, which may affect companies that rely on this important chemical.'
The American Chemistry Council added: 'Chemistry should not belong to this or any trade war. It is too important for our economy, employment, and countless innovations that make modern life possible.'
'A country like China is very aware of the importance of chemicals to the health of our US economy. That's why we have seen retaliatory fists targeting our industry.
Chemicals are the foundation of the manufacturing value chain. When our industry is hit by tariffs, customer industries like the automotive industry can also feel pain.
In the end, families will face a major blow to fiscal revenue and expenditure. They may not feel it now. If the government does not reach a truce with our trading partners as soon as possible, consumers will soon discover the impact of these tariffs in the real world.