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
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.
ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.
