SOCMA Addresses Proposed China Tariffs’ Impact to Chemical Industry
A statement was issued from Jennifer Abril, SOCMA president and CEO.
The Society of Chemical Manufacturers and Affiliates (SOCMA) recently responded to an announcement by China that it plans to impose tariffs on billions of dollars in U.S. exports, including chemicals, in retaliation to the recently proposed U.S. tariffs on Chinese aluminum, steel and other products. Jennifer Abril, president and CEO, issued the following statement:
"The U.S. and Chinese tariffs that have been proposed in the last 24 hours could dramatically impact the specialty chemical industry. Many of the proposed targeted products will impact the business of specialty chemistry, from vital upstream building block chemicals to the dozens of downstream market segments.