On July 24, the US Trade Representative Office held a hearing on the second round of sanctions against China. The second round targeted 284 items worth $16 billion in imports. Semiconductor-related, plastic and rubber products were calculated by amount. It accounts for nearly 50% of the total. There are many American companies that have factories in China, and related industries are expressing opposition.
The American Chemistry Council (ACC) warned that if the US government announced a second tariff list that did not exclude $2.2 billion in chemicals and plastics, it could cost the US chemical industry thousands of jobs and numbers. Billion dollar investment.
The ACC warned that the United States' increased tariffs and the resulting retaliation would undermine the process. 'These tariffs will weaken the competitiveness of the US chemical industry and the entire United States.'
As Sino-US trade tensions escalate, the US Chemical Industry Trade Organization strongly opposes any tariffs involving chemicals.