National Association of Chemical Distributors (NACD) submitted comments to the U.S. Trade Representative (USTR) regarding Docket ID No USTR-2022-0014, Request for Comments in Four-Year Review of Actions Taken in the Section 301 Investigation. In the comments, NACD strongly recommends the USTR lift the Section 301 tariffs.
Since their implementation under President Trump in 2018, NACD says the Section 301 tariffs have not realized their desired results. In a press release about the issue, NACD said, “They have not proven effective in deterring China from violating U.S. intellectual property or technology development, nor have they relieved American reliance on chemical imports from China. Furthermore, these tariffs have an outsized, detrimental impact on the American economy and limit U.S. companies’ ability to compete in the global marketplace.”