China’s list of more than 100 American products under threat of tariffs targets the U.S. chemicals and plastics sectors at a time when parts of the industry are investing heavily in new production.
About 40 percent of the goods on the list are plastics, petrochemicals, petroleum products and specialty chemicals. To be sure, the proposed tariffs amount to a response to President Donald Trump’s threat to slap taxes on 1,300 Chinese goods and may never come to fruition.
But analysts say the prospect of a trade war increases uncertainty about demand in a major foreign market for American companies that are planning to invest billions of dollars at home in large-scale chemicals projects. […]
https://www.cnbc.com/2018/04/04/chinas-tariffs-take-aim-at-us-chemicals-and-plastics-sectors.html
Mike Black
Trump has started a war he cannot win. The American people will be the losers when they have to pay more for their goods.
Douglas Buckland
Mike,
In my opinion, the US and China have been in a trade war for decades. China has been ‘dumping’ their goods into the US market and have been stealing global intellectual property for years. They have done anything they want to keep driving their economy.
As the US is still the largest single market (not trading block), it would be detrimental for the Chinese economy to bar themselves from his market.
Mike Black
Hi Doug, supply and demand. The US wanted cheaper goods than the high price “made in America” just like any other country and China supplied them.
A lot of countries have a transfer of knowledge. You set up your factory and do business in my country but you transfer the technology in a 5 / 10 year period.
Not just China but no country would standby and do nothing if another country was to slap tariffs on its goods.
China is a massive importer, Trump will never win this War that he has started.
Douglas Buckland
Mike,
The ‘war’ started long before Trump was in office.