1. Home
  2. Expert Article

Chemical Businesses Caught In Crossfire of Escalating China-US Trade War

  •   31 May 2019
  •    Nora Wang
  •    1663
  •   Post a comment

    Chemical businesses in China and the US, along with dependent sectors downstream in the supply chain, are currently trapped in dire straits amid a protracted and worsening trade war between the two countries.

    On May 13, 2019, China announced tariffs ranging from 5% to 25% on 5,140 US products on a $60 billion target list. Products affected include beverages, batteries, and chemicals, among many others. The Chinese Ministry of Finance said the tariffs will take effect starting from June 1, 2019. [1]

    This is a retaliation initiated against the US which increased tariffs to 25% on $200 billion of Chinese imports days ago. And there is now a further worry: US President Donald Trump has threatened to impose additional tariffs on $325 billion of Chinese imports.

    You are a visitor, Please Login or Sign up for free to read more.

    Share this:

    ABOUT THE AUTHOR

    ChemLinked Editor

    She oversees real-time content gathering and production and focuses on changes in chemicals regulations in the Asia Pacific region.

    COPYRIGHT: You may circulate web links to the web and contents, but they are intended for your personal, non-commercial use only. For other use of any materials, you can contact with cleditor@reach24h.com to seek consent. Find out more about our copyright policy here.
    CORRECTIONS: we do our utmost to provide you with accurate information. However sometimes errors slip under the radar. If you notice any errors contact us on: cleditor@reach24h.com
    Content sharing or co-authoring: just send messages to our editor team.