Plastics Association Speaks out against Steel Tariffs
Trump Aluminum and Steel Tariffs Could Cost Industry Jobs
The Washington-based Plastics Industry Association said on its twitter feed that its president and CEO, Bill Carteaux, opened the group’s board meeting March 8 urging the plastics industry to oppose the tariffs. The association is mounting an online campaign asking members to email or contact Congress to say tariffs could raise costs and jeopardize economic momentum from the administration’s recent tax cut package.
President Donald Trump has indicated that he will impose a 25-percent tariff on imported steel and a 10-percent tariff on imported aluminum. In the letter addressed to President Trump Plastics Industry Association says that molds and much of plastics machinery are made from steel and aluminum and are used to shape raw plastic materials into specific products ultimately used by American consumers. "Across-the-board tariffs on these materials could dramatically increase costs for the segments of the plastics industry that depend on them − costs that would be passed down through the supply chain to other plastics companies, manufacturers, businesses and, ultimately, to consumers. These new tariffs would undoubtedly have a negative impact on the plastics industry and the economy." According to Carteaux, the planned tariffs will be "devastating to our businesses and our industry."
In a White House Fact Sheet , the US government explains the intended tariffs with the need to protect the national security: "Protecting our steel and aluminum industries from unfair trade practices is important to our national security." According to an investigation of the Department of Commerce the current level of aluminum and steel imports into the United States has the potential to threaten the national security.
The Washington-based American Chemistry Council has also argued against the planned tariffs on steel and aluminum. In a March 1 statement the ACC said that they could raise costs and put some of the USS 185 billion in planned investment in new chemical factories at risk.
Plastics Industry Association
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