Read ACC's statement | US, China each set tariffs on up to $50B of imports | ACC annual meeting centers on trade, plastic waste
June 18, 2018
ACC SmartBrief
News for American Chemistry
Top Story
ACC: Retaliatory tariffs threaten chemical jobs, investment
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.
Farm Futures/Bloomberg (6/15),  Plastics News (tiered subscription model) (6/15) 
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Policy Watch
US, China each set tariffs on up to $50B of imports
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.
Reuters (6/16),  Bloomberg (tiered subscription model) (6/17) 
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ACC annual meeting centers on trade, plastic waste
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.
Chemical & Engineering News (6/17) 
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Judge blocks Calif. from requiring glyphosate labels
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.
Agri-Pulse (tiered subscription model) (6/13),  Bloomberg Environment (subscription required) (6/15) 
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Other News
Industry Watch
LyondellBasell and Braskem shareholder in talks
LyondellBasell is talking with Braskem's controlling shareholder, Odebrecht, about a potential purchase.
Reuters (6/15) 
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DuPont to upgrade its Experimental Station
DuPont will invest more than $200 million in updating the DuPont Experimental Station in Delaware. The plans call for new CRISPR genome-editing machines, automated lab equipment and other tools.
The Philadelphia Inquirer/Daily News (tiered subscription model) (6/18) 
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Other News
Leadership & Management
A supportive culture brings out people's best work
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.
Medium (6/12) 
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Hot Topics
No act of kindness, no matter how small, is ever wasted.
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