Overregulating the chemistry industry jeopardizes innovation, jobs, and economic growth. Learn more.

Analysis of Section 301 Tariff Impacts on Chemicals Trade 

Virtually every U.S. manufacturing industry has felt the damaging effects of trade policy uncertainty and high and broad tariffs over the past four years. The U.S. chemicals industry, the heart of all U.S. manufacturing, was among the hardest hit industries during the Trump Administration’s trade wars, with $20 billion in U.S. chemicals industry imports impacted by the China Section 301 tariffs.

Fast forward to today, and chemistry touches virtually all facets of the Biden Administration’s February 24 Executive Order on America’s Supply Chains and “Build Back Better” agenda. And yet, the tariffs continue to disrupt the U.S. chemical industry’s supply chains and – most importantly – our ability to support priority Biden Administration objectives: making supply chains resilient; strengthening and building infrastructure; and establishing industries essential to American economic competitiveness.

 

Download
American Chemistry Council

The American Chemistry Council’s mission is to advocate for the people, policy, and products of chemistry that make the United States the global leader in innovation and manufacturing. To achieve this, we: Champion science-based policy solutions across all levels of government; Drive continuous performance improvement to protect employees and communities through Responsible Care®; Foster the development of sustainability practices throughout ACC member companies; and Communicate authentically with communities about challenges and solutions for a safer, healthier and more sustainable way of life. Our vision is a world made better by chemistry, where people live happier, healthier, and more prosperous lives, safely and sustainably—for generations to come.