The tariff is imposed, manufacturing executives worried

As a trade war with China began, in the face of a 25% tariff plastic industry executives are concerned about the long-term conflict may cause damage.For China's exports to the United States of plastic processing machinery and mould tariffs will take effect from July 6, and resin industry are likely to face in the next few weeks 25% additional duties.

Resulting directly affect may be reduced, because the Chinese plastic machinery company of American business delegates said that already before the tariff is imposed reserve inventory to provide short-term buffer.

Executives also frets about overall trade situation, especially the President trump a 20% tariff on imported cars formal proposals and China against the United States that is imposed on July 6, agricultural products and automotive retaliatory tariffs.

Machinery industry executives say, the impact of plastics industry customer recently started asking customs.But they said tariffs covers a wide range of industrial products, is not just a plastic machinery, many plastics processors may not fully understand and know the tariff.The last two to three weeks, when companies develop sales plan and quotation, most of the customers at least mentioned the tariffs.

For plastic materials industry, the situation is slightly different.Tariffs for polymer resin has not yet started, but the United States and China are planning in the next few weeks the possibility of a second round of duties in the levy customs duties on plastic material.

Executives are now in a wait-and-see mode.The material manufacturer is likely to be greater, because China has said it plans to about $3 billion of American exports plastic resin to impose a 25% tariff.

The American chemistry council is one of the largest trade association, American plastic resin producers, the group says the trade situation more and more concerns, including potential tariffs on imported cars, and has been lobbying against the last few trump government tariff plan.Association, said an executive at some members are actively research and tariff escalation of China and other countries will force manufacturers to move production overseas.

"Obviously, we the overall trend of American trade policy toward the concerns, especially our industry is number of retaliation or will experience," the association of international trade in Washington director Edward Brzytwa said."We have come to the point where poor trend, then things could be worse."

In such trade unstable stage, swaying jinfeng technology executives held an emergency meeting, negotiation in the face of high tariff countermeasures.In the end, how regardless of external conditions change, jinfeng unswervingly adhere to the customer as the center of thought, not lower the quality of products, all in front of the quality of the influence of the way.We promise, during the period of a trade war, will work with every loyal customers spend difficulties, out of the haze.

News sources: pnchina.com.