Several chemicals are included in the $200bn worth of tariffs that the US may impose on Chinese imports in the latest escalation of the trade war between the two countries.
The US will hold hearings on 20-23 August before imposing a 10% duty on the items in the list.
The list is massive, exceeding 6,000 products
It includes several industrial chemicals such as olefins, aromatics, alcohols, acetyls, acrylics, anhydrides, glycols and glycol ethers.
Nitrogen fertilizers and surfactants are included as well as caustic soda and titanium dioxide (TiO2).
While elastomers are listed, no polyolefins were included.
A full list can be found here.
For many products like ethane, none are imported by the US. Still, the inclusion of so many chemical products on the US list shows that the sector is becoming increasingly exposed to the trade war.
The US has already imposed 25% tariffs on several Chinese products, most of which are machines and industrial tools.
China responded with its own set of retaliatory tariffs on US products, which targets soybeans and other agricultural goods.
The US could move forward on a second set of tariffs on $16bn worth of goods, many of which are polyolefins and other polymers.
China responded with its own second set of tariffs that also targets several polymers.
The latest tariffs from the US would be on top of all of the other duties that have been adopted or imposed.
> View the full list of industrial chemicals and fertilizers covered by the $200bn worth of proposed tariffs on the ICIS website
By Al Greenwood
Source: ICIS News
We are closing the chapter of the Chemicals Import Export Headquarters, and opening a new chapter under the name of Qemetica – a chemical group driving many industries on all continents. Therefore, the change of name is also accompanied by the adoption of the key goals of the business strategy for the next 6 years. – says Kamil Majczak, President of the Management Board.
In its efforts to advance chemical recycling, Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded tires. In the processing run, Neste produced high-quality raw material for new plastics and chemicals.
Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.