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US-China trade relations worsen as tariffs by both sides come into effect

by ChemOrbis Editorial Team -
  • 27/08/2018 (11:32)
Trade relations between the world’s two biggest economies seem to have taken a turn for worse as both countries started levying previously announced tariffs on $16 billion of each other’s imports on August 23.

According to a list published by the Office of the US Trade Representative (USTR), propylene copolymers, HDPE, LDPE, LLDPE, PP, PS, EPS, SAN, ABS, PVC, and PET imports from China are now subject to a 25% additional tariff while the Chinese retaliation included similarly sized taxes on various US goods, including LLDPE, HDPE and ethylene dichloride.

The first tranche of tariffs on approximately $34 billion of imports from China had gone into effect on July 6.
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