US-China trade tensions weigh on PET market uncertainty

摘要

HOUSTON (ICIS)--Trade tensions between the US and China may be affecting US polyethylene terephthalate (PET), among other plastics markets, more than previously anticipated. President Trump has threatened to hike tariffs on $200bn of Chinese imports from 10% to 25%. The American Chemistry Council (ACC) opposes the administration's plan, arguing it could potentially damage the chemical industry. The final US round 3 list of tariffs includes chemicals and plastics products, with the greatest impact on finished plastics imports from China.