China's retaliatory tariffs penalize $2.2 billion annually in plastics and chemicals imports, putting US chemical investment and jobs in jeopardy, said the American Chemistry Council. "We anticipate significant disruptions to supply chain operations, offshoring of production, and termination of production altogether due [to] the sudden, uneven playing field that duties would create in the global marketplace," ACC said.
President Donald Trump said the US will impose a 25% tariff on $34 billion worth of Chinese products, with further tariffs on imports totaling $16 billion under review, and China promptly retaliated, designating $50 billion of US goods for matching tariffs. A White House spokesman said US companies will be allowed to seek exclusions if they are unable to find new sources for items they normally buy from China.
The American Chemistry Council annual meeting this month highlighted the group's focus on the problem of plastic waste, as well as the industry's concern about tariffs impeding the chemical industry's growth prospects. "We're building enormous capacity in the US, and to the extent that tariffs impede our ability to do that, then that's an issue," said Bob Patel, CEO of LyondellBasell and ACC board chairman.
US District Judge William Shubb last week blocked California from requiring warning labels for glyphosate under its Proposition 65 program. The state had asked for a reconsideration of Shubb's earlier injunction.
Employees respond best to a culture that supports them through rough patches and reminds them why their work is important, writes Julie Zhuo of Facebook. "I can't recall an example of groundbreaking work coming from an environment of stress, anxiety, and fear of failure," she writes.