On March 4th, the U.S. Trade office under the direction of President Trump, announced that it will be terminating the GSP (Generalized System of Preference) duty-free eligibility for India and Turkey. The GSP program is intended to help developing nations grow their economy through trade. The announcement cited the reason for termination as being that... Read more »
The Trump Administration announced Monday, September 17th it will enact tariffs on more than $200 billion worth of Chinese goods. The U.S. tariffs start at a rate of 10%, before rising to 25% at the end of the year unless a resolution is reached between the U.S. and China. On Tuesday, China had already announced... Read more »
As the trade war between China and the United States escalates, the latest list of tariffs imposed on Chinese imports is sure to shake up the chemical industry and those who depend on chemical raw materials in their manufacturing. The latest list contains many chemicals, chemical intermediates, and pharmaceutical precursors which will be subject to... Read more »
There has been much concern about the chemical products included on the list of proposed tariffs on Chinese goods and how it will affect chemical markets in the U.S. On June 15th, the Office of the U.S. Trade Representative (USTR) released two lists of products that will be subject to additional 25% tariffs on Chinese... Read more »
