David Savastano, Editor10.04.18
There has been a lot of concerns over the increasing tariffs that are being levied against more and more products. These include key chemicals, including raw materials that are used for inks. The higher raw material costs are already drawing resulting price increases from ink manufacturers. The recently imposed tariffs are 10% effective immediately and will increase to 25% in January.
Trade wars hurt pretty much everyone in the affected supply chain, from manufacturers to retailers and ultimately consumers. With decreased buying power, consumers will either have to cut purchasing or take on more debt. Costs will increase for many goods.
These tariffs have drawn the concern of the chemical industry. On Sept. 24, 2018, Ed Brzytwa, American Chemistry Council (ACC) director of international trade, discussed the implementation of U.S. List 3 tariffs and subsequent retaliation by China against U.S. exports:
“With the U.S. and China imposing another round of tariffs on an increasing number of products, the cost of doing business in the United States is rising,” Brzytwa said.
Trade wars hurt pretty much everyone in the affected supply chain, from manufacturers to retailers and ultimately consumers. With decreased buying power, consumers will either have to cut purchasing or take on more debt. Costs will increase for many goods.
These tariffs have drawn the concern of the chemical industry. On Sept. 24, 2018, Ed Brzytwa, American Chemistry Council (ACC) director of international trade, discussed the implementation of U.S. List 3 tariffs and subsequent retaliation by China against U.S. exports:
“With the U.S. and China imposing another round of tariffs on an increasing number of products, the cost of doing business in the United States is rising,” Brzytwa said.
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